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Rupee falls 3 paise to 83.88 against US dollar

Updated at : 2024-09-02 11:25:02

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The rupee declined 3 paise to 83.88 against the US dollar amid fluctuating crude oil prices. Positive domestic equities, foreign fund inflow, and a weak greenback limited the fall. Sensex and Nifty hit all-time highs. GST collections and forex reserves have grown, while the fiscal deficit has reached 17.2% of the annual target.

Following the strong rally in Federal Bank, Axis Securities reiterated its rating on the bank with a target price of Rs 230, indicating an upside potential of 18% from the current market price of Rs 195.

Sandip Sabharwal touches on the pricing of IT stocks and upcoming September quarter results while discussing the potential inclusion of Zomato and Avenue Supermarts in F&O. He emphasizes the importance of festival season demand for auto sales and sees potential in Bharti Airtel, large-cap banks, and the under-owned pharma sector for future performance.

Varun Beverages shares rise 0.48% as Nifty gains

Updated at : 2024-09-02 11:25:02

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The stock quoted a 52-week high price of Rs 1707.1 and a 52-week low of Rs 828.2.

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The Relative Strength Index of the stock stood at 51.95 on Monday.

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