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Rupee rises 17 paise to close at 89.88 (provisional) against US dollar

Mumbai, Dec 9 (PTI) The rupee pared its initial losses and settled for the day in the positive territory, up 17 paise at 89.88 (provisional) against the US dollar on Tuesday, as American currency and crude oil prices retreated from their elevated levels. Forex traders said the weakness of the US dollar in the overseas market, amid expectations of a US Fed rate cut in December, supported the rupee at lower levels. However, a negative trend in domestic equities and foreign fund outflows weighed on investor sentiment, limiting the local unit’s appreciation. Moreover, investors are in a wait-and-watch mode, and

Stock markets fall for 2nd day on profit booking in bank, oil shares; Sensex sheds 436 pts

Mumbai, Dec 9 (PTI) Stock markets closed lower for the second straight day on Tuesday, with benchmark BSE Sensex declining by 436 points as investors booked profit ahead of the US Federal Reserve’s policy decision. The 30-share BSE Sensex dropped 436.41 points, or 0.51 per cent, to close at a nearly two-week low of 84,666.28. During the day, the barometer plunged by 719.73 points, or 0.84 per cent, to hit an intraday low of 84,382.96 as blue-chip private banks, oil and IT shares retreated. The 50-share NSE Nifty dropped by 120.90 points, or 0.47 per cent, to settle at 25,839.65.

Stock markets tumble in early trade amid weak global cues, FII outflows

Mumbai, Dec 9 (PTI) Equity benchmark indices Sensex and Nifty fell sharply in early trade on Tuesday in line with weak global cues, continuous foreign fund outflows and selling pressure in IT stocks and Reliance Industries. Investor sentiment also turned cautious ahead of the US Federal Reserve’s policy meeting outcome, which is expected to provide cues on the interest rate trajectory. The 30-share BSE Sensex plunged by 636.22 points, or 0.75 per cent, to 84,466.47 in early trade. The 50-share NSE Nifty depreciated by 193.25 points, or 0.74 per cent, to 25,767.30. Among the Sensex firms, Asian Paints, Trent, Mahindra

Rupee falls 10 paise to 90.15 against US dollar in early trade

Mumbai, Dec 9 (PTI) The rupee depreciated 10 paise to 90.15 against the US dollar in early trade on Tuesday, as dollar demand from corporates, importers and foreign portfolio investors dented investors’ sentiments. Forex traders said investors are in a wait and watch mode and market participants are waiting for clarity from the US FED before taking decisive positions. At the interbank foreign exchange, the rupee opened at 90.15 against the US dollar, down 10 paise from its previous close. On Monday, the rupee settled at 90.05 against the US dollar. Market is focussed on the stance the US Federal

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