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It rose to an intra-day high of 74.90 and fell to an intra-day low of 75.05 against the dollar during trade at the interbank foreign exchange on Wednesday. It eventually settled at 75.03.
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At the interbank forex market, the local unit opened at 74.20 against the greenback and witnessed an intra-day high of 73.94 and a low of 74.23.
The rupee rose by 29 paise to close at 74.07 (provisional) against the US dollar on Thursday, extending gains for the fourth straight session amid a positive trend in domestic equities. At the interbank forex market, the local unit opened at 74.20 against the greenback and witnessed an intra-day high of 73.94 and a low of 74.23. It finally ended at 74.07 against the American currency, registering a rise of 29 paise over its previous closing. On Wednesday, the rupee had settled at 74.36.
Value of FPI stock holdings soar by $105 bn in Sept-March: Report
PTI
Mumbai |
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India only market to have seen net positive inflows during the year, despite a dip in March: BoFA Securities
The value of foreign portfolio investors (FPI) holdings in domestic equities reached a record $555 billion in 2020-21, a whopping $105 billion growth between September 2020 and March 2021, according to a report.
Against this, the value of holdings by domestic institutional investors (DIIs) at $203 billion was not even half, according to the data compiled by Bank of America (BofA) Securities.
FPIs have put more money into the markets since then, having invested a net of $7.2 billion till April 16 (year-to-date 2021), making the country the only market that has seen net positive inflows in the year, despite a dip in March when it slowed to $1.4 billion from $3.5 billion in February and $2.2 billion in January.
Rupee slumps 52 paise to 74.87 against US dollar in early trade
PTI
Mumbai |
Updated on
The risk of more lockdowns as Covid-19 cases surged, hurt investor sentiments
The Indian rupee slumped 52 paise to 74.87 against the US dollar in opening trade on Monday, amid fears that a rapid resurgence of Covid-19 cases in the country could disrupt economic recovery. Besides, heavy sell-off in domestic equities also weighed on investor sentiment. On Friday, the rupee had settled at 74.35 against the American currency. The Indian rupee started on a weaker note against the US dollar after another surge in coronavirus infections over the weekend increased the risk of more broad-based lockdowns, Reliance Securities said in a research note.