Monday, 22 August 2016

Equity Updates: Sensex, Nifty Open Flat



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Equity benchmarks started off the week on a flat note as investors digestible the news of appointment of latest run batted in governor Urjit Patel. The 30-share mad cow disease Sensex was down 12.55 points at 28064.45 and therefore the 50-share NSE groovy fell four.50 points to 8662.40. 
The Indian monetary unit opened lower by thirteen paise at 67.19 per dollar these days against Friday's closing price of 67.06 a dollar. Pramit Brahmbhatt of truthfulness aforesaid, "Rupee is probably going to depreciate these days as we've got seen corroboratory shopping for within the USD. However, the rally in USD may well be restricted to sixty seven.30/dollar." "We expect the USD-INR try to change the vary of sixty six.80-67.30/dollar," he said. 
The dollar gained against major peers, as hawkish comments from a central bank official extra to prospects that U.S.A. interest rates can increase this year.

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