Homemarket Newscurrency News

    Rupee remains steady at 79.80 against dollar

    Rupee remains steady at 79.80 against dollar

    Rupee remains steady at 79.80 against dollar
    Read Time
    2 Min(s) Read
    Profile image

    By Asmita Pant   IST (Published)

    Mini

    According to Abhishek Goenka, Founder and CEO, IFA GLobal, rupee will trade a 79.65-79.90 range intraday with sideways price action in Thursday's session.

    The rupee rose one paise to touch 79.80 against the US dollar on Thursday amid an easing greenback. However, gains in global crude oil benchmarks restricted the gains.
    According to Abhishek Goenka, Founder and CEO, IFA GLobal, rupee will trade a 79.65-79.90 range intraday with sideways price action in Thursday's session.
    Dollar has weakened against other major currencies. The dollar index — which measures the US dollar against a basket of currencies — was marginally down.
    Crude oil prices climbed on Thursday on fears of possible output cut by Organization of the Petroleum Exporting Countries and Allies (OPEC). Brent crude futures rose 0.3 percent to $102.1 a barrel and West Texas Intermediate (WTI) futures climbed 0.8 percent to $95.7 a barrel.
    Indian equity benchmarks opened in green on Thursday breaking a three day negative opening streak tracing largely positive cues from global markets. "17,330 is a crucial support for the Nifty and as long as that holds, Nifty could keep pushing higher," said Goenka.
    US yields have risen 5-6 bps across the curve with two years now at 3.37 percent and 10 year at 3.10 percent ahead of Fed Chair Powell's speech at Jackson Hole symposium tomorrow.
    Catch latest market updates with CNBCTV18.com's blog
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng