Home » The rupee opened 24 paise higher at 73.31 against the US dollar in early trade.
Business

The rupee opened 24 paise higher at 73.31 against the US dollar in early trade.

The dollar index rose 0.18% to 91.20.

On March 2, the rupee opened 24 paise to 73.31 against the US dollar.

In the interbank exchange market, the local unit opened at 73.32 against the US dollar, then at a higher level of 73.31 against the greenback, a rise of 24 paise from its previous close.

The rupee closed at 73.55 against the US currency on 1 March.

Meanwhile, the Dollar Index, which estimates the strength of the greenback against a basket of six currencies, rose 0.18% to 91.20.

Reliance Securities said in a note, “The US dollar boosted gains on Tuesday on the stakes of a rapid economic recovery and may reduce appreciative bias.”

However, most Asian currencies have weakened on the morning of March 2 and may weigh on sentiments, the note added.

On the domestic equity market front, the 30-share BSE benchmark Sensex was up 516.20 points to 50,366.04, and the broader NSE Nifty was trading 144.25 points higher at 14,905.80.

institutional investors were net in the capital market as they bought shares worth ₹ 125.15 crore as per exchange data on 1 March.

Brent crude futures, the global benchmark, slipped 1.13% to $ 62.97 a barrel.

You have reached your limit for free articles this month.

Membership benefits 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 interests and tastes.

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