iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Rupee remains sluggish against US Dollar as oil prices elevates

21 Mar 2022 , 01:42 PM

The rupee fell sharply against the US Dollar on Monday as global oil prices jumped amidst a breather in war signs between Russia and Ukraine.

The local currency touched a two-week high vs the US Dollar in its last trade on Thursday as the US Federal Reserve’s policy statement did not muddle investors’ sentiment.

The Fed hiked interest rates in the US Economy for the first time in 2018 and is signaling another interest hike in 2022 to cope with the ongoing inflation in the world’s largest economy.

The Indian currency was last seen at 76.12 per US Dollar against its previous close of 75.79/$. The Indian Currency moved in a band of 76.0104 – 76.3501 so far in today’s trade.

US Dollar index was last seen at 98.28 points, 0.05% higher against the previous close of 98.23 points.

However, as war softened between Russia and Ukraine, traders’ sentiment for the Indian currency weakened.

On the international front, Brent Crude oil prices gained nearly $2 as Ukrainian forces held stable ground against the Russian attacks. Brent Crude Oil’s future was trading at $111.66, 3.73% higher against its previous closing of $107.93 per barrel.

Domestically, Indian benchmark indices also struggled amidst the global slowdown. BSE Sensex was trading at 57,351, down by 0.89% against its previous closing of 57,864 points. NSE Nifty also tumbled 0.85% at 17,139.50 points against 17,287 points at the previous close.

Related Tags

  • Currency
  • Futures
  • Indian Markets
  • nifty
  • Rupee trading
  • sensex
  • US dollar
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • 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.
  • 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."

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.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.