The rupee declined 9 paise to 82.74 against the US dollar in early trade on Tuesday as rising crude prices weighed on investor sentiment. Besides, foreign fund outflows put pressure on the domestic unit, forex dealers said. At the interbank foreign exchange, the domestic unit opened weak at 82.71 against the dollar, then slipped further to 82.74, registering a fall of 9 paise over its previous close. In the previous session on Monday, the rupee appreciated 17 paise to close at 82.65 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19 per cent to 104.11. Brent crude futures, the global oil benchmark, advanced 0.45 per cent to USD 84.30 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 61.14 points or 0.10 per cent higher at 60,627.56. The broader NSE Nifty rose 17.90 points or 0.1 per cent to 18,032.50. Foreign Institutional Investors (FIIs) were net sellers in capital
The rupee settled at 82.44 per dollar on Friday versus 82.89 on Thursday
We are positive on select private banks with credit growth picking-up and asset quality outlook being benign/improving.
Stock exchanges in Europe were trading in the positive territory in mid-session deals
According to the new rules of the liberalised remittance system (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc
'Now valuations have become more reasonable and trade at long-term averages. More importantly, there are palpable signs of peak inflation behind us'
According to the latest June quarter shareholding data, the FII shareholding in HDFC Bank and HDFC Ltd has declined to 65.81 per cent and 67.7 per cent, respectively
'Foreign institutional investment (FII) is expected to reverse when these macro headwinds stabilise for a few months'
The domestic currency has fared better than many of its emerging market peers
We will ramp up digital channels and make tactical tweaks on equity investments to please policyholders, said M R Kumar
This is only the second trading session in May when markets have been able to clock gains
With just hours to go until end of the subscription period for the $2.7 billion initial public offering of LIC, foreign institutional funds have put in orders for merely 8% of the shares
Higher bond yields as well as a potential US Fed rate hike sparked a global risk-off sentiment, leading to elevated FII outflows in India, said Motilal Oswal Financial Services.
In what turned out to be a historic year, the Indian stock indices went past multiple milestones and the 30-share Sensex made an annual gain of 10,502.49 points or 21.99 per cent in 2021
Domestic equities will be mainly driven by global market trends, foreign institutional investors' movement and developments around new Covid variant Omicron this week, according to analysts.
Foreign institutional investors (FIIs) sought 4.17 crore shares as against 2.63 crore shares reserved for QIBs.
Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact
Office segment saw a sharp decline in investments
This was the thirteenth consecutive quarter of net outflows for the category
Bank stocks lead the fall; FIIs pull out Rs 3,465 crore