Rupee gains for 2nd straight day; settles 10 paise higher at 73.85 against dollar

0


At the interbank foreign exchange market, the rupee opened at 73.83, and hit an intra-day excessive of 73.76 and a low of 73.97. On Monday, the rupee had settled at 73.95 in opposition to the American foreign money.

The rupee gained for the second straight day and closed 10 paise increased at 73.85 (provisional) in opposition to the US greenback on Tuesday.

At the interbank foreign exchange market, the rupee opened at 73.83, and hit an intra-day excessive of 73.76 and a low of 73.97. On Monday, the rupee had settled at 73.95 in opposition to the American foreign money.

Meanwhile, the greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, surged 0.42 % to 91.33.

“Rupee traded strong as capital markets witnessed some sell-off. There is some support to USDINR at lower levels near 73.80 as crude prices hold rates that can keep prices on rupee resistance beyond 73.75. Going ahead rupee can be seen in a range of 73.75-74.25,” stated Jateen Trivedi, Senior Research Analyst at LKP Securities.

On the home fairness market entrance, the BSE Sensex ended 465.01 factors or 0.95 % decrease at 48,253.51, whereas the broader NSE Nifty declined 137.65 factors or 0.94 % to 14,496.50.

Read Also  EU, U.S. Officials Announce Aid For India, Where New COVID-19 Cases Hit 330,000 A Day

Foreign institutional traders had been web sellers within the capital market on Monday as they bought shares price ₹2,289.46 crore, as per change information.

Brent crude futures, the worldwide oil benchmark, rose 1.81 % to USD 68.78 per barrel.



source link

For all of the latest Business News Click Here

For the most recent information and updates, follow us on Google news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here