May, 05 2025 Monday 14:02 Hrs
  • SENSEX :   80,881.38

  • Commodity broking firm in India379.39( 0.47%) 05-May-2025

Pre Session Commentary - Detailed News

Indian Rupee: Extends recent upward momentum
02-May-25   09:17 Hrs IST

The Indian rupee is extending recent upward momentum in opening trades on Friday tracking mild pull back in dollar overseas coupled with positive cues from Asian equities. INR opened at Rs 83.98 per dollar and climbed to a high of 83.81 so far during the day. On Wednesday, rupee surged 38 paise to 84.58 against the US dollar as trade-deal hopes and foreign fund inflows boosted investor sentiments. However, geopolitical tensions between India and Pakistan and a muted sentiment in domestic equities weighed on investor sentiments. Indian shares look set to open a tad higher on Friday as markets resume trading after a holiday on Thursday for Maharashtra Day. Benchmark indexes ended marginally lower on Wednesday after a choppy session.

Powered by Commodity Insights

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    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.