The local unit hit a low of 64.17 and a high of 64.06 against the US dollar.
The rupee today opened at 63.60 against the US dollar. The local unit hit a low of 64.17 and a high of 64.06 against the US dollar.
On Tuesday, the rupee closed at 63.98 against the US dollar.
The S&P fell 1%, Dow Jones lost 1.04% and Nasdaq was down 1.1%. Asian markets are also not in good cheer for now.
Equity investors seem to be in a tizzy following hawkish comments from Federal Reserve Chairperson Janet Yellen. With positive data on US economy including increase in job numbers and rising inflation, a rate hike in US seems to be on the cards sooner than later this calendar year. With the dollar appreciating against a basket of international currencies, global investors are taking refuge in treasuries.
The FIIs were net buyers of Rs. 1.15 bn in the cash segment on Tuesday. The domestic institutional investors (DIIs) were net buyers of Rs. 1.24 bn as per the provisional figures released by the NSE.
On Tuesday, the rupee closed at 63.98 against the US dollar.
The S&P fell 1%, Dow Jones lost 1.04% and Nasdaq was down 1.1%. Asian markets are also not in good cheer for now.
Equity investors seem to be in a tizzy following hawkish comments from Federal Reserve Chairperson Janet Yellen. With positive data on US economy including increase in job numbers and rising inflation, a rate hike in US seems to be on the cards sooner than later this calendar year. With the dollar appreciating against a basket of international currencies, global investors are taking refuge in treasuries.
The FIIs were net buyers of Rs. 1.15 bn in the cash segment on Tuesday. The domestic institutional investors (DIIs) were net buyers of Rs. 1.24 bn as per the provisional figures released by the NSE.
No comments:
Post a Comment