In the Indian equity market, the 30-share BSE Sensex advanced 55.91 points or 0.09 per cent to 59,888.88. Moreover, the market will continue to check the development of rising Covid cases in India,” Amit Pabari, managing director of CR Forex Advisors, said adding that on April 9, India reported 5,357 new Covid cases, with an active caseload of 32,000.Īdditionally, it has been observed that RBI hardly keeps the dollar-rupee below 81.80-81.50 levels, so this zone should act as a strong support for the pair, Pabari added. “The pause in the rate hike could further squeeze down the interest rate differential between the US and India and could put pressure on the rupee. The rupee remained largely unaffected after the Reserve Bank of India Monetary Policy Committee meeting.

Brent crude futures, the global oil benchmark, declined 0.22 per cent to $84.93 per barrel. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.11 per cent to 102.20.

Kasperskylab