ADX is showing momentum on the upside for Gold
The rupee, which opened on a positive note at 75.90, settled for the day with gains of 78 paise at 75.16 against the American currency
A thinly traded market is compounding the problem for the rupee
"The central bank may have been intervening in these markets in small measures in the past too, but Friday's action was quite loud," said a senior currency dealer requesting anonymity.
Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any particular level
In the past few sessions, the move in the Rupee has been largely offshore driven, taking precariously close to a new all-time low of 74.48 against the US Dollar
The Sensex fell nearly 2,000 points, as foreign investors liquidated their investments for safe haven assets such as US bonds. As prices of bonds rise, yields fall.
Market participants will keenly watch the YES Bank developments especially after the Enforcement Directorate on Sunday arrested the bank's co-founder Rana Kapoor under money laundering charges
As manufacturing in China recovers, so will the demand for raw materials
The report stated that industries, such as logistics and jewellery, had seen the biggest increase in usage over the past two years
Volatility continued to grip the markets amid investor concerns over the global coronavirus outbreak
Currency dealers say the central bank is intervening so that the currency doesn't strengthen more
Crude prices have seen some moderation in the past few sessions over demand slump amid rising coronavirus cases in China
Large inflows can increase policy challenges
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
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At the interbank foreign exchange market, the rupee opened weak and slipped to the 72-mark
The rupee had closed the 2018 year at 69.77 to the US dollar
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.