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Rupee settles 1 paisa higher to close at 94.15 against U.S. dollar

admin — Mon, 27 Apr 2026 12:47:00 +0000

Image used for representational purposes only.
| Photo Credit: Getty Images/iStockphoto

The rupee settled on a flat note, registering gains of just one paisa to close at 94.15 (provisional) against the U.S. dollar on Monday (April 27, 2026), as rising global uncertainty, escalating tensions in West Asia, and soaring crude oil prices weighed on investor sentiments.

Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.

At the interbank foreign exchange market, the rupee opened at 94.25 against the U.S. dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.

At the end of Monday’s (April 27) trading session, the rupee was quoted at 94.15 (provisional), registering a gain of just 1 paisa over its previous close. On Friday (April 24), the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the U.S. dollar.

“The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices,” said Dilip Parmar – Senior Research Analyst, HDFC Securities.

On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was down 0.21% at 98.32. Brent crude, the global oil benchmark, was trading higher by 2.36% at $107.82 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70. Foreign Institutional Investors offloaded equities worth ₹8,827.87 crore on Friday (April 24), according to exchange data.

Meanwhile, India’s forex reserves jumped by $2.362 billion to $703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday (April 24). In the previous reporting week, the forex kitty had increased by $3.825 billion to $700.946 billion.

Published – April 27, 2026 06:15 pm IST

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Stock markets bounce back amid volatility; Sensex closes higher 410 points

admin — Wed, 03 Sep 2025 11:12:00 +0000

Benchmark equity indices Sensex and Nifty closed higher in a volatile session on Wednesday (September 3, 2025), driven by a rally in metal stocks and optimism related to the GST Council meeting.

After oscillating between highs and lows, the 30-share BSE Sensex jumped 409.83 points or 0.51%, to settle at 80,567.71. During the day, the benchmark hit a high of 80,671.28 and a low of 80,004.60, gyrating 666.68 points.

The 50-share NSE Nifty climbed 135.45 points or 0.55%, to 24,715.05.

The GST Council is meeting in New Delhi for two days to discuss the proposed pruning of tax rates to 5% and 18%.

Among Sensex firms, Tata Steel jumped the most by 5.90%. Titan, Mahindra & Mahindra, ITC, Eternal, State Bank of India, and Trent were among the other gainers.

However, Infosys, NTPC, Hindustan Unilever, TCS, Adani Ports and Bharti Airtel were among the laggards.

Indian equities closed higher after a mixed start to the session, buoyed by expectations of a consumption-led stimulus from the potential GST slab rationalisation.

“In the near term, market sentiment hinges on the outcome of the GST Council meeting with traction on consumption-oriented stocks and sectors,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi settled in positive territory while Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng ended lower.

Equity markets in Europe were trading higher.

U.S. markets ended lower on Tuesday (September 2, 2025).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,159.48 crore on Tuesday (September 2, 2025), according to exchange data.

Global oil benchmark Brent crude dropped 1.52% to $68.09 a barrel. On Tuesday (September 2, 2025), the Sensex declined 206.61 points or 0.26%, to settle at 80,157.88. The Nifty dipped 45.45 points or 0.18%, to 24,579.60.

Published – September 03, 2025 04:42 pm IST

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Markets settle marginally lower on muted GDP growth projection; HDFC, ICICI Bank major drag

admin — Wed, 08 Jan 2025 11:08:14 +0000

The gross domestic product (GDP) rate of 6.4% will be the lowest since the year of Covid (2020-21). File
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty ended marginally lower in a volatile session on Wednesday (January 8, 2025), as investors stayed on the sidelines ahead of the earnings season amid lower economic growth projections.

Unabated foreign fund outflows and mixed global market cues also dented sentiments.

However, buying in bellwether stocks TCS and Reliance Industries managed to restrict a steep decline in markets, traders said.

The 30-share BSE benchmark Sensex fell 50.62 points or 0.06% to settle at 78,148.49. During the day, it dropped 712.32 points or 0.91% to 77,486.79.

The NSE Nifty skidded 18.95 points or 0.08% to 23,688.95.

“Slowing economic growth projections and caution ahead of Q3 numbers added volatility in the market. However, the market witnessed a recovery from the day’s low owing to the accumulation of beaten-down blue-chip stocks and in expectation of government reforms in the upcoming budget to lift the tepid economy. The near-term sentiment is likely to be subdued due to the rise in U.S. bond yield and fear of fewer rate cuts by the Fed,” Vinod Nair, Head of Research, Geojit Financial Services, said.

From the 30-share blue-chip pack, Adani Ports, UltraTech Cement, Larsen & Toubro, Sun Pharma, HDFC Bank, ICICI Bank, NTPC and State Bank of India were the major laggards.

Tata Consultancy Services, Reliance Industries, ITC, Asian Paints, HCL Tech and Maruti were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,491.46 crore on Tuesday (January 7, 2025), according to exchange data.

In Asian markets, Seoul and Shanghai settled in the positive territory, while Tokyo and Hong Kong ended lower.

European markets were trading in the green. U.S. markets ended lower on Tuesday (January 7, 2025).

Global oil benchmark Brent crude climbed 0.79% to $77.66 a barrel.

India’s economic growth rate is estimated to slip to a four-year low of 6.4% in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released on Tuesday (January 7, 2025).

The gross domestic product (GDP) rate of 6.4% will be the lowest since the Covid year (2020-21) when the country witnessed a negative growth of 5.8%. It was 9.7% in 2021-22; 7% in 2022-23; and 8.2% in the last fiscal ended March 2024.

The BSE benchmark climbed 234.12 points or 0.30% to settle at 78,199.11 on Tuesday (January 7, 2025). The Nifty gained 91.85 points or 0.39% to 23,707.90.

Published – January 08, 2025 04:38 pm IST

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Stock markets close lower for 2nd day amid foreign fund outflows

admin — Wed, 16 Oct 2024 11:02:53 +0000

Benchmark Sensex falls 318 points due to foreign fund outflows and global market trends. File
| Photo Credit: ANI

Benchmark Sensex declined by 318 points on Wednesday (October 16, 2024) due to selling in IT and auto shares amid unabated foreign fund outflows and weak trends in global markets.

Falling for the second day, the BSE Sensex declined by 318.76 points or 0.39% to settle at 81,501.36. During the day, it slumped 461.86 points or 0.56% to 81,358.26.

The NSE Nifty declined by 86.05 points or 0.34% to close at 24,971.30.

From the 30 Sensex firms, Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, Adani Ports, ITC and Titan were the major laggards.

HDFC Bank, Bharti Airtel, Reliance Industries, Asian Paints and State Bank of India were the gainers.

“The market traded range bound with a negative bias due to the fear of a downgrade in FY25 earnings, which could impact the sustainability of premium valuation,” Vinod Nair, Head of Research, Geojit Financial Services said.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,748.71 crore on Tuesday (October 15, 2024), according to exchange data.

In Asian markets, Seoul, Tokyo and Hong Kong settled lower, while Shanghai ended in the positive territory.

European markets were trading in the negative territory. The U.S. markets ended lower on Tuesday (October 15, 2024).

Global oil benchmark Brent crude climbed 0.08% to $74.32 a barrel.

On Tuesday (October 15, 2024), the BSE benchmark Sensex declined 152.93 points or 0.19% to settle at 81,820.12. The Nifty settled lower by 70.60 points or 0.28% to 25,057.35.

Published – October 16, 2024 04:32 pm IST

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