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As on: Jan 26, 2021 01:51 AM
Indian Rupee: Stays Broadly Supported
14-Jan-21   09:00 Hrs IST

Indian rupee gained further as traders focussed on continued buying in local securities by the Foreign Institutional Investors (FIIs). INR closed at 73.15 per US dollar, up 10 paise on the day. INR hit 73.10 per US dollar in intraday moves. The US dollar index is witnessing choppy moves after easing from a two week high of 90.70 and currently lingers around 90.40 mark.

The domestic equity barometers ended almost flat after a volatile session on Wednesday. Select autos and PSU banks advanced while pharma and financial stocks lagged. The sentiment remained upbeat after the domestic retail inflation cooled off in December, falling below RBI's upper tolerance limit of 6%. India’s active Covid-19 caseload fell to 2.14 lakh (2,14,507) yesterday. The share of Active Cases in the total Positive Cases has further shrunk to 2.04%. This is lowest after 197 days. The total active cases were 2,15,125 on 30th June, 2020. A net decline of 2051 cases has been recorded in the total active cases in last 24 hours.

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