Silicon Valley Bank Crisis: Here is how the Indian markets (NSE & BSE), the Asian markets, Indian Rupee and others reacted in the wake of SVB crisis
On Thursday, the rupee closed at 82.60 against the US currency
Forex traders said the Indian rupee depreciated on weak domestic markets and a positive greenback. Rebound in crude oil prices also weighed on the rupee
On Friday, the rupee settled at 82.06 against the US dollar
On Wednesday, the rupee settled at 82.49 against the US dollar
India's forex kitty had reached an all-time high of $645 billion in October 2021
Foreign Institutional Investors (FIIs) were net buyers in the capital market on Friday as they purchased shares worth Rs 246.24 crore, according to exchange data
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.23 per cent to 104.34
At the interbank foreign exchange, the domestic unit opened weak at 82.76 against the dollar, registering a decline of 3 paise over its last close
In initial trade, the rupee also touched a low of 82.71 against the American currency. On Friday, the rupee closed at 82.82 against the US currency
On Monday, the rupee fell 68 paise to close at a one-month low of 82.76 against the US dollar
In the previous session on Friday, the rupee settled at 82.08 against the US dollar
Brent crude futures, the global oil benchmark, advanced 0.25 per cent to USD 80.14 per barrel
Forex traders said significant foreign fund outflows and dollar demand from importers may weigh on the local unit and restrict the appreciating bias
It finally settled at 82.20 (provisional), down 40 paise over its previous close
At the interbank foreign exchange market, the rupee opened at 81.76 against the greenback and finally settled at 81.90, down 2 paise over its previous close
Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiment
Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiments
The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.16 per cent to 101.76
In the previous session on Friday, the rupee settled at 81.59 against the American currency
It finally settled at 81.53, a rise of 8 paise against the previous close of 81.61
However, a fall in crude prices in the international market supported the local currency, forex traders said
On Friday, the rupee had appreciated by 19 paise to close at 81.17 against the US dollar
During the trading session, the local unit witnessed an intra-day high of 81.09 and a low of 81.28 against the American currency
However, rising crude oil prices capped the gains in the rupee, traders said
