Bihar Conclave 2025

Rupee

The Indian benchmark indices closed lower on Tuesday as investors stayed cautious ahead of the release of July inflation data.

The Indian stock market closed lower on Friday, with benchmark indices falling sharply amid broad-based selling pressure.

Markets opened slightly lower on May 20, weighed down by mixed global trends & sectoral losses in auto, PSU banking, & financial stocks.

Indian stock markets remained range-bound on February 27, with cautious sentiment prevailing. The Sensex and Nifty showed limited movement.

RBI data shows NRI bank deposits surged 42.8% to $13.33 billion between April and December 2024, up from $9.33 billion in 2023.

The rupee traded lower by 0.12, driven by a rising dollar index that climbed from $100.50 to $102.40. Experts noted ongoing tensions in the Middle East would likely keep oil prices high and weaken the rupee in the short term

Forex traders said foreign capital outflows also weighed on the rupee. However, a soft US dollar against key rivals overseas supported the domestic currency.

Foreign institutional investors (FIIs) were net sellers in the capital markets on Tuesday as they offloaded shares worth Rs 1,622.69 crore, according to exchange data.

At the interbank foreign exchange, the domestic currency opened at 82.87 and inched up further to trade at Thursday's closing level of 82.85 against the greenback.

A positive cue from domestic equity markets and sustained buying by foreign institutional investors also supported the Indian currency, forex traders said.