Tag: dollar

The Indian rupee appreciated 9 paise against the US dollar on Tuesday, amid fresh foreign fund inflows and expectations of better macroeconomic data. The rupee also benefited from the central bank's dollar selling ahead of the inflation data. Meanwhile, the dollar index rose, but the impact of this on the rupee was limited due to the supportive factors mentioned above. Brent crude futures advanced, which could put some upward pressure on the rupee in the coming days. On the domestic equity market front, the BSE Sensex closed higher, while the NSE Nifty declined marginally. FIIs were net buyers in the capital markets on Monday.

The rupee closed almost flat against the US dollar, weighed by elevated crude oil prices and global inflation worries. The currency could benefit from a weak US dollar and positive domestic equities, but it is likely to remain under pressure from these factors. Here are the key takeaways: Rupee closed almost flat against US dollar. Rupee could benefit from weak US dollar. Rupee likely to remain under pressure from elevated crude oil prices and global inflation worries.

Gold prices in India edged lower on September 11, tracking a decline in the US Dollar. The fall in gold prices was supported by the weakening of the US Dollar and the ongoing buying spree by China's central bank. Gold prices are expected to remain volatile in the near term, but the ongoing buying spree by China's central bank could support gold prices in the long term.

Crude oil prices rose 2% on Friday, supported by concerns about lower supplies from key producers. However, the strength of the US dollar, which reached a six-month high, weighed on the oil market. Investors will be closely monitoring upcoming data releases in the coming week for further clues about the direction of the commodities markets.