The rupee closed 10 paise higher at 73.15 against the dollar.

Rupee vs Dollar: Local unit closed at 73.15 against US dollar

Rupee vs Dollar Today: The rupee increased for the second straight day and rose 10 paise against the US dollar on Wednesday 13 January at 73.15 (provisional) supported by systematic foreign exchange inflows and a weak US currency. In the interbank foreign exchange market, the domestic unit opened at 73.16 and the intra-day registered at a high of 73.10. It saw a low of 73.23. In the initial trading session, the local unit rose 12 paise to 73.13 against the dollar. The rupee finally closed at 73.15, 10 paise higher at its last time. The rupee closed at 73.25 against the US currency on Tuesday, January 12.

Meanwhile, the Dollar Index, which estimates the strength of the greenback against a basket of six currencies, rose 0.07 percent to 90.15. “Right now the sentiment of risk is caught in the race for covid-cases and vaccine rollout. In the end the vaccine will win but until then the fear of lockdown hangs on its head. Locally, there are a lot of IPOs this year, so the overall decline in the USDIRR spot will continue, ”said Mr. Rahul Gupta, Head of Research, MK Global Financial Services.

“Recently, RBI intervention is seen around 73 zones, so USDINR spot will hover in zone 72.90-73, with 73.50 immediate resistance. He said that the break of 72.90-73 would push prices towards 72.75. According to research analyst, Sharekhan, Saif Mukadam by BNP Paribas, the rupee traded with a positive bias due to weakness in the dollar and positive FII inflows.

“However, the steep rise in crude oil prices and rising coronovirus cases around the world was a matter of concern and tightened to prevent the outbreak of COVID-19 restrictions. The rupee would trade between 72.85 to 73.60 in the next few sessions. Could, “said. Saif Mukadam

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On the domestic equity market front, the BSE Sensex lost 24.79 points, or 0.05 percent, to close at 49,492.32, while the broader NSE Nifty rose 1.40 points or 0.01 percent to close at 14,564.85. The benchmark indices saw volatile trading sessions near their 14650/49700 resistance levels. Today, the Nifty / Sensex opened on a strong note but due to strong signs globally and persistent selling pressure at higher levels, it corrected from the day’s high to 200/700 points. However, in the late afternoon it was beset by some losses and finally closed near 14550/49500, “Srikanth Chauhan, Executive Vice President, Equity Technical Research at Kotak Securities.

On the domestic front, once again the PSU Bank index outperformed, falling more than 3 percent, while select pharma stocks witnessed profit-booking. In our view, bulls are still under total control, but the daily chart is showing a temporary stagnation near 14650/49700, therefore, traders may prefer to be cautious near resistance levels, ” he said.

According to provisional exchange data, foreign institutional investors were net buyers in the capital market as they bought shares worth Rs 571.47 crore on a net basis on January 12, globally, crude oil stock Brent crude futures rose 0.18 percent to $ 56.68 per dollar. . Barrel.

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