Forex Market News

The Indian Rupee Depreciated By 0.06 Percent

The Indian Rupee depreciated by 0.06 percent in yesterday’s trading session on the back of strong dollar. Demand for greenback improved after US Federal Reserve Yellen signaled faster pace of rate increase this year. Further, traders remained cautious ahead of European Central bank monetary policy and US president elect Donald Trump’s inauguration.
FII’s net sold stocks worth Rs 132.26 crores yesterday as per provisional data from NSE. However, sharp downside was prevented on rise in risk appetite in the domestic markets. Benchmark stock index 50 shares Nifty Index increased by 0.22 percent to 8435.10. In Intraday Indian Rupee touched a low of 68.2625 and closed at 68.12 against Dollar.
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