Rupee rises 7 paise to 73.61 against US dollar in early trade

Rupee rises 7 paise to 73.61 against US dollar in early trade
Share This :

The appreciated 7 paise to 73.61 against the in opening trade on Tuesday, tracking a positive trend in domestic equities and sustained foreign fund inflows.

At the interbank foreign exchange, the opened at 73.62 against the dollar, then edged higher to 73.61, up 7 paise over its previous close.

In initial deals, the local unit touched a low of 73.65 against the American currency.

On Monday, the had settled at 73.68 against the

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was fell 0.10 per cent at 92.58.

On the domestic macro-economic front, subdued prices of food items like vegetables pulled down retail inflation for the third month in a row to 5.3 per cent in August, within the Reserve Bank of India’s comfort zone.

Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 1,419.31 crore, as per exchange data.

On the domestic equity market front, BSE Sensex was trading 244.08 points or 0.42 per cent higher at 58,421.84, while the broader NSE Nifty advanced 70.75 points or 0.41 per cent to 17,426.05.

Meanwhile, global oil benchmark Brent crude futures rose 0.75 per cent to USD 74.06 per barrel.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

, Rupee rises 7 paise to 73.61 against US dollar in early trade, Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Share This :