The rupee depreciated almost 1% after moving to a one-year high and closed at 73.46 levels - ICICI Direct
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/03/356cdf1f477c7aae819aaca01b2ab961.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
INR Futures
* A sharp sell-off was seen in most currencies as US bonds moved sharply. The rupee depreciated almost 1% after moving to a one-year high and closed at 73.46 levels
* The dollar index on Friday rallied to a one-week high. Weakness in EUR/US$ and strength in US$/JPY on Friday gave the dollar a boost. The dollar also extended its gains on better-than-expected US economic data
Global Bonds
* The Nifty opened significantly lower on account of weak global clues, followed by profit booking. Advance/decline ratio was in favour of bears
* On Friday, the Bank Nifty witnessed significant losses as it remained under pressure throughout the day. Relentless selling was seen in leading private as well as PSU banks
FII & FPI Activities
Foreign institutional investors (FII) turned net sellers to the tune of | 238 crore on February 24, 2021. They bought worth | 1790 crore in the equity market and sold worth | 2028 crore in the debt market
US$INR futures on NSE
* The US$INR March futures closed at 74.19 levels as a sharp up move was seen on the back of rising US yield and huge sell-off in domestic equities. We feel the rupee is likely to consolidate near 74 levels
* The dollar-rupee March contract on the NSE was at | 74.19 in the last session. The open interest increased almost 1.99% in the March series
US$INR Strategy
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)