30-share BSE Sensex declined 135.03 points or 0.18 per cent to close at 75,183.36, while NSE Nifty slipped 4.30 points or 0.02 per cent to settle at 23,654.70, respectively.
Dilip Parmar, Research Analyst at HDFC Securities, said, “The Indian rupee snapped a nine-day losing streak to emerge as Asia’s top-performing currency. This recovery follows a retracement in crude oil prices amid tentative signs of easing geopolitical friction, alongside active central bank intervention. Moving forward, investor focus will remain anchored on geopolitical developments and the upcoming RBI monetary policy review.”
From a technical standpoint, Parmar said the spot USDINR is finding firm support at 95.74, while immediate resistance remains capped at 96.50.
