and telecommunications companies lining up for the contract (. Markets News Report India Continues to Push e-Rupee CBDC, Top Banks Expand Digital Offerings 2 mins By Shraddha Sharma, 11:00 GMT+0000 Updated by Kyle Baird, 04:40 GMT+0000 In Brief Leading Indian banks like HDFC and ICICI have increased their digital rupee CBDC offerings. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Monday as they offloaded shares worth Rs 2,022.52 crore, according to exchange data. between the American dollar and Indian rupee (Kulkarni 2008).9 Public. According to a report by The Daily Star, India’s central bank Reserve Bank of India’s (RBI) Governor, Shaktikanta Das, held a discussion with Bangladesh Bank Governor Abdur Rouf Talukder on the possibility of having an arrangement where transactions would not be pegged to the dollar. On the domestic equity market front, the 30-share BSE Sensex declined 326.23 points or 0.55 per cent to end at 58,962.12, while the broader NSE Nifty fell 88.75 points or 0.51 per cent to 17,303.95. ”The historical seasonality of March month favours rupee bulls as it has gained in 7 out of the last 10 years, the average gains pegged at 0.54 per cent,” Parmar added. The directional move of USDINR will depend on how the greenback performs among G-10 currencies and geopolitical updates. In the near-term, spot USDINR is expected to trade between 83 to 82.50. ”The central bank’s intervention, lower commodity prices and expectation of dollar inflows supported the local unit in Tuesday’s trade,” Parmar said. Global oil benchmark Brent crude futures advanced 0.75 per cent to USD 83.07 per barrel.Īccording to Dilip Parmar, Research Analyst, HDFC Securities, the Indian rupee gained along with most regional currencies ahead of the important economic data release. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.03 per cent to 104.70. The company operates through Google, its. At the interbank foreign exchange market, the local unit opened at 82.69 against the American currency and finally settled at 82.64 (provisional) against the greenback, registering a gain of 15 paise over its previous close of 82.79.ĭuring the trading session, the rupee touched a high of 82.63 and a low of 82.75 against the dollar. GOOGL shares are included as a component on several stock market indices, namely S&P 500, S&P 100 and NASDAQ-100. Here are the exchange rates of other currencies. India’s industrial production growth rose marginally to 5.6 per cent in February from 5.5 per cent in January 2023, mainly due to good performance of the power, mining and manufacturing sectors, according to official data released on Wednesday.The rupee appreciated by 15 paise to close at 82.64 (provisional) against the US dollar on Tuesday, ahead of the release of key domestic macroeconomic data.įorex traders said the central bank’s intervention and lower commodity prices supported the local unit. Currency update today Highlights Currency exchange rate today, 03 September 2021: The Indian currency rate hiked against US Dollar today. On the domestic macroeconomic front, retail inflation in March fell to a 15-month low of 5.66 per cent and came back to the Reserve Bank’s comfort level of 6 per cent. On the domestic equity market front, the 30-share BSE Sensex advanced 38.23 points or 0.06 per cent to end at 60,431.00 and the broader NSE Nifty gained 15.60 points or 0.09 per cent to 17,828.Foreign Institutional Investors (FIIs) were net buyers in the capital market on Wednesday as they purchased shares worth Rs 1,907.95 crore, according to exchange data. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.23 per cent to 101.26.Global oil benchmark Brent crude futures declined 0.27 per cent to USD 87.09 per barrel. On Wednesday, the rupee closed at 82.11 against the US currency. The rupee appreciated 27 paise to close at 81.84 (provisional) against the US dollar on Thursday, tracking the broad weakness of the American currency in the overseas market.Īt the interbank foreign exchange market, the local unit opened at 81.99 against the US currency and finally closed at 81.84 (provisional) against the greenback, registering a gain of 27 paise over its previous close.ĭuring the session, the rupee touched a high of 81.83 and a low of 82.01 against the dollar.
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