Sensex: 83,239.47 (0.23%)

Nifty: 25,461.00 (0.22%)

anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Indian Rupee: Likely to extend recovery
17-Mar-2025 08:54

The Indian rupee is expected to recover further ground, extending recovery from last week as local shares look set to open higher on Monday as traders return to their desks after a long holiday weekend. Asian markets were mostly higher this morning after China unveiled a special action plan over the weekend to revive consumption. While positive global cues may help underpin sentiment, caution ahead of the Federal Reserve's interest rate decision, tariff-related developments and FII selling could lead to some volatility as the day progresses. On Thursday, rupee surged 17 paise to settle at 87.05 against the US dollar following robust macroeconomic data and easing crude oil prices. Besides, recent weakness in the US dollar index also supported the local currency. However, losses in domestic equities and unabated foreign capital outflows capped the sharp gain.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.