Close X
Tuesday, November 26, 2024
ADVT 
India

Rupee rises for 6th day in a row

Darpan News Desk IANS, 10 Jan, 2024 02:04 PM
  • Rupee rises for 6th day in a row

Mumbai, Jan 10 (IANS) The Indian rupee recovered early losses to end higher for a sixth straight day on Wednesday as expectations rose about more foreign funds flowing in.

The rupee settled at 83.0350 vis-a-vis the U.S. dollar, its highest closing level since December 15 up from 83.1150 in the previous session.

The Indian currency opened lower and fell to an intraday low of 83.18 earlier in the day, before rising again to an over three-week high of 82.98 in the session.

"The rupee experienced volatility, ranging between 83.18 (on the weaker side at the opening) and 82.98 (on the higher side after an initial dip below 83.15). The rupee gained, with buyers becoming more assertive within the range-bound movements. The overall trend remains sideways, and rupee movements are influenced by range-bound volatility,” said Jateen Trivedi, VP Research Analyst, LKP Securities.

He said that the upcoming US CPI data, scheduled for Thursday evening, is expected to play a crucial role in determining the trend of the US dollar, with potential effects on the rupee as well.

The U.S. consumer inflation data will indicate the probability of a Fed interest rate cut to spur growth. Investors see a high probability of rate cuts going ahead if consumer inflation comes down.

MORE India ARTICLES

Gold smuggling into India through Indo-Myanmar border: ED searches 7 locations in Punjab

Gold smuggling into India through Indo-Myanmar border: ED searches 7 locations in Punjab
The Enforcement Directorate (ED) on Thursday said that it carried out searches at seven locations on December 12 in Punjab’s Patiala city in connection with a gold smuggling operation. The ED said that the case is based on a criminal complaint filed by the Directorate of Revenue Intelligence (DRI), under provisions of the Customs Act, 1962 against Lucky Satija, Surinder Kumar, Manjodh Singh Cheema and others for smuggling gold from foreign nations into India.  

Gold smuggling into India through Indo-Myanmar border: ED searches 7 locations in Punjab

Eight years after sacrilege, Sukhbir Badal apologises for failing to arrest culprits

Eight years after sacrilege, Sukhbir Badal apologises for failing to arrest culprits
Eight years after the sacrilege of Guru Granth Sahib during the helm of the Shiromani Akali Dal-BJP government in Punjab, Akali Dal President Sukhbir Badal on Thursday unconditionally sought forgiveness of the Khalsa Panth (community) for failing to arrest the culprits. Speaking at the 103rd foundation day of the Shiromani Akali Dal (SAD) with folded hands, Badal expressed his regrets.

Eight years after sacrilege, Sukhbir Badal apologises for failing to arrest culprits

Lawrence Bishnoi-Goldy Brar gang sharpshooter nabbed after encounter, involved in firing at ex-MLA's Delhi house

Lawrence Bishnoi-Goldy Brar gang sharpshooter nabbed after encounter, involved in firing at ex-MLA's Delhi house
The accused was identified as Sombir a.k.a Totala, 23, a resident of Haryana's Sonipat. Last week, two sharpshooters of the gang were arrested for firing seven to eight rounds in front of the residence of the ex-MLA. According to a Crime Branch officer, the sharpshooters were identified as Aakash a.k.a Kassa (23) and Nitesh alias Sinti (19), both residents of Haryana.  

Lawrence Bishnoi-Goldy Brar gang sharpshooter nabbed after encounter, involved in firing at ex-MLA's Delhi house

CBI chargesheets 7 for exporting gold jewellery from India under guise of fake exhibition

CBI chargesheets 7 for exporting gold jewellery from India under guise of fake exhibition
The Central Bureau of Investigation on Thursday filed a chargesheet against seven accused including a Delhi based private company and its director, the then superintendent of customs and private persons for exporting gold jewellery from India under the guise of a fake exhibition organized by a UAE based firm. 

CBI chargesheets 7 for exporting gold jewellery from India under guise of fake exhibition

Out of 678 winning candidates in 5 states, 253 have criminal cases; maximum 114 from Congress

Out of 678 winning candidates in 5 states, 253 have criminal cases; maximum 114 from Congress
Out of 678 winning candidates analysed from the five states of Rajasthan, Telangana, Madhya Pradesh, Chhattisgarh and Mizoram that went to the polls recently, 253 have declared criminal cases against themselves in their affidavits, with the maximum from the Congress which has 114 winning members facing criminal cases, a report said on Thursday. The report also revealed that in Telangana 69 per cent of the winning candidates have criminal cases against them.  

Out of 678 winning candidates in 5 states, 253 have criminal cases; maximum 114 from Congress

Parliament security breach: Accused Lalit Jha arrested

Parliament security breach: Accused Lalit Jha arrested
The fifth accused and alleged mastermind of the Parliament security breach incident, Lalit Jha, was arrested from the national capital on Thursday, police said. As per police sources, Jha had allegedly organised a clandestine meeting in Gurugram on Tuesday, a day before the incident.  

Parliament security breach: Accused Lalit Jha arrested