{"id":15589,"date":"2022-01-14T17:40:32","date_gmt":"2022-01-14T12:10:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ld-rupee-35\/"},"modified":"2022-01-14T17:44:07","modified_gmt":"2022-01-14T12:14:07","slug":"biz-ld-rupee-35","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ld-rupee-35\/","title":{"rendered":"Rupee slumps 25 paise to 74.15 per US dollar"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3407102616\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Mumbai, Jan 14 (PTI) Snapping its five-day winning run, the rupee on Friday slumped 25 paise to close at 74.15 against the US dollar, in line with other emerging market currencies as hawkish comments by Federal Reserve officials weighed on sentiment.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3819851626\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> At the interbank foreign exchange market, the local currency witnessed an intra-day high of 74.05 and a low of 74.21 against the US dollar.<\/p>\n<p> It finally settled at 74.15, down 25 paise over its previous close of 73.90.<\/p>\n<p> US Fed policymakers signalled they will start to raise interest rates in March to combat sky-high inflation.<\/p><div class=\"trade-content_5\" id=\"trade-836329799\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The dollar index, which gauges the greenback&#8217;s strength against a basket of six currencies, was trading 0.01 per cent down at 94.78.<\/p>\n<p> Meanwhile, Brent crude futures, the global oil benchmark, advanced 1.01 per cent to USD 85.32 per barrel.<\/p>\n<p> On the domestic equity market front, the BSE Sensex ended 12.27 points or 0.02 per cent lower at 61,223.03, while the broader NSE Nifty fell 2.05 points or 0.01 per cent to 18,255.75.<\/p>\n<p> Foreign institutional investors remained net sellers in the capital market on Thursday, as they offloaded shares worth Rs 1,390.85 crore, as per exchange data.<\/p>\n<p> According to Jateen Trivedi, Senior Research Analyst at LKP Securities, the domestic currency traded weak near 74.15 on the back of long position unwinding in rupee.<\/p>\n<p> Rupee can be seen in the range of 74.00 to 74.50, he added.<\/p><div class=\"trade-content-10\" id=\"trade-2119049916\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;The Indian Rupee depreciated on Friday as foreign banks continued to cover their dollar short positions,&#8221; said Sriram Iyer, Senior Research Analyst at Reliance Securities.<\/p>\n<p> On a weekly basis, the rupee appreciated 19 paise against the dollar.<\/p>\n<p> The rupee appreciated for the fourth straight week against the US currency, tracking gains in most regional currencies amid a persistent drop in the dollar index.<\/p>\n<p> &#8220;The Rupee was also helped by corporate dollar sales, trade-related selling, fund flows and rumours of intervention from the Reserve Bank of India,&#8221; Iyer said.<\/p>\n<p> For the week, the unit rose 0.2 per cent, adding to the 2.4 per cent rise in the last three weeks. However, gains were capped as crude oil prices headed for a fourth successive weekly rise. PTI DRR BAL  ABM ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-358748073\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Jan 14 (PTI) Snapping its five-day winning run, the rupee on Friday slumped 25 paise to close at 74.15 against the US dollar, in line with other emerging market currencies as hawkish comments by Federal Reserve officials weighed on sentiment. At the interbank foreign exchange market, the local currency witnessed an intra-day high of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1795,31],"tags":[],"class_list":["post-15589","post","type-post","status-publish","format-standard","hentry","category-foreign-exchange-and-rupee-price","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rupee slumps 25 paise to 74.15 per US dollar - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ld-rupee-35\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rupee slumps 25 paise to 74.15 per US dollar\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Jan 14 (PTI) Snapping its five-day winning run, the rupee on Friday slumped 25 paise to close at 74.15 against the US dollar, in line with other emerging market currencies as hawkish comments by Federal Reserve officials weighed on sentiment. 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