Indian Rupee , Dollar Pricing Today ?

 The day's USD/INR exchange rate was 82.4825. Due to the weak start of crude oil and the weakness in gold, the Indian Rupee increased by 0.11%. Sharp gains were however restrained by sluggish domestic markets and a strong dollar. Notwithstanding poor UK GDP statistics and Fed rate hike expectations, the dollar rose.

As a result of risk aversion on the global markets and a steep decline in crude oil prices, we anticipate that the rupee will trade with a small negative bias. A strong dollar coupled with the Fed's hawkish tone could put pressure on the rupee. Ahead of the IIP data from India and the Michigan consumer sentiment from the US, market participants might continue to be cautious. The projected range for the USDINR spot price, according to Sharekhan by BNP Paribas research analyst Anuj Choudhary, is 82 to 83.30.

Real estate stocks and PSU banks saw the biggest gains in the sectoral indices, which were also mixed. In the meantime, the metal, IT, and FMCG indices declined. 

The company hired a US firm to pursue a legal battle, while MSCI continued to assess the free-float status of Adani equities, which kept them in the news. Adani Total Gas and Adani Transmission struck the lower circuit on Friday, as the majority of Adani group stocks continued to drop. Adani Enterprises saw a 3% decline.

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