Home ยป Rupee rises 65 paise to close at 72.72 against US dollar
Business

Rupee rises 65 paise to close at 72.72 against US dollar

In the interbank foreign exchange market, the local unit opened at 73.6 against the greenback and saw an intra-day high of 72.71 and a low of 73.26.

On Wednesday, the rupee strengthened 65 paise to 7.72 (provisional) against the US dollar due to weakness in the US dollar and increased in the global markets.

In the interbank foreign exchange market, the local unit opened at 73.6 against the greenback and saw an intra-day high of 72.71 and a low of 73.26.

It eventually closed at 7.72 against the US currency, registering an increase of 65 paise over its previous closing. The rupee had closed at 73.37 against the US currency on Tuesday.

BKP Paribas Research Analyst, Sharekhan said, R0;Market perceptions have improved that large-scale stimulus packages from governments, easy monetary policies from central banks and progress in vaccination programs will boost economic growth.”

The dollar index, which estimates the strength of the greenback against a basket of six currencies, fell 0.12% to 90.67.

Meanwhile, global oil benchmark Brent crude futures rose 1.69% to $ 63.76 a barrel.

Mr. Mukharam said, R0;Besides, the rupee appreciated due to softening in crude oil prices and persistent FIIs. In addition, the macro economic data also supported the rupee. In the next session, the rupee will be in the range of 72.80 to 73.80. Can do business between. “

On the domestic equity market front, the BSE Sensex rose 1,147.76 points or .28% to 51,444.65, while the broader NSE Nifty rose 326.50 points or 2.19% to 15,245.60 points.

Foreign institutional investors were net buyers in the capital market as they bought shares worth Rs ,223.16 crore, as per exchange data on Tuesday.

You have reached your limit for free articles this month.

Membership included

Today’s paper

Get a mobile-friendly version of the article from the newspaper of the day in an easy-to-read list.

unlimited access

Enjoy reading as many articles as you want without any limitations.

Personal recommendations

A selected list of articles that match your interest and taste.

Fast page

Move seamlessly between articles as our pages load instantly.

Dashboard

One-stop-shop to see the latest updates and manage your preferences.

Talk

We inform you about the latest and most important events three times a day.

Support quality journalism.

* Our digital subscription plans currently do not include e-paper, crosswords and print.

.

About the author

admin

Add Comment

Click here to post a comment