The Indian rupee is expected to commence on a slightly stronger note on Friday as dollar is seen giving up some of its large gains seen in recent times. The dollar index that tracks the greenback against a basket of currencies is currently down marginally at 112.15. However, all eyes are now on the central bank that is due to give out its monetary policy decision later today. RBI is largely under pressure to hike interest rates following major central banks across the globe that are on a tightening spree. Besides, weak shares and sustained foreign fund outflows could limit gains in the domestic unit. On Thursday, rupee recovered from record lows to settle 20 paise higher at 81.73 against US dollar. At the interbank forex market, the local unit opened at 81.60 against the greenback. It witnessed an intra-day high of 81.58 and a low of 81.94 during the session. Powered by Commodity Insights
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.