Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
The rupee (INR), which rallied to mark an intraday high of 73.74 on Thursday, gave up the gains and ended the session almost on a flat note at 73.88. On Wednesday, it had closed at 73.91. Nevertheless, the local currency has closed above the key barrier of 74, opening the door for further strengthening.
Following this, INR opened with a gap-up at 73.78 today, thereby crossing over the resistance of 73.85. Further appreciation from the current level can take the rupee to 73.7 – a resistance level. Above that level, it can advance to 73.5. But if the domestic currency weakens, it can find support at 74. Support below that level can be spotted at 74.3.
RBI should ‘lean with the wind’ and allow rupee to appreciate: Ecowrap
As the market was bullish yesterday, Foreign Portfolio Investors (FPI) bought significant amount of domestic assets. Net investments were registered at ₹2,027 crore (equity and debt combined). Thus, the net inflow for the week has increased to about ₹11,350 crore. Strong inflows helped the rupee gain ground against the dollar.
The dollar index ended flat on Thursday as 92. But today it has been moving down since morning, and is currently hovering around 91.9. The price action indicates a bearish bias and, thus, the index will most likely decline towards 91.75. Subsequently, it could drop to 91.5.
The rupee looks positive as it has closed above the key barrier of 74. Supporting the rupee bulls, the dollar index hints at weak dollar. Considering these factors, traders can go long in INR with stop-loss at 74.
Supports: 73.85 and 74
Resistances: 73.7 and 73.5
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
That weekend came the news that Champa’s elder daughter was engaged, the proof arriving in the form of Jaimini ...
“Amma,” Divya yelled from the bathroom. “There’s something in my teeth.”Balakrishnan and Veena froze and ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
For their dead, Parsis practise a 3,000-year-old system where corpses are excarnated in the Tower of Silence, ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
Social media influencers are flipping the rules by first getting followers and then launching products and ...
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor