freeamfva: Rupee rises 6 paise to close at 79.92 against US dollar

Rupee rises 6 paise to close at 79.92 against US dollar

10 Aug 2022 at 22:13

The rupee recovered from its all-time low of 80.05 to close 6 paise higher at 79.92 (provisional) against the US dollar on Tuesday, tracking its regional peers and a positive trend in domestic equities.To get more news about 乐天证券, you can visit wikifx.com official website.


At the interbank forex market, the local unit opened lower at 80.00 against the greenback and fell further to an intra-day low of 80.05.
image
The local unit recouped losses later and settled at 79.92 (provisional), registering a rise of 6 paise over its previous close.


On Monday, the rupee for the first time declined to a low of 80 against the US dollar in intra-day spot trading, before ending the session 16 paise lower at 79.98 amid a surge in crude oil prices and unrelenting foreign fund outflows.


"The Indian rupee broke the level of 80 after many days’ failed efforts by dollar bulls amid higher crude oil prices. However, the central bank’s intervention and stronger regional currencies and equities supported the rupee to erase early morning losses," said Dilip Parmar, Research Analyst, HDFC Securities.


Parmar further said near-term consolidation in the rupee is likely along with the dollar index ahead of the European Central Bank (ECB) and Bank of Japan policy meetings on Thursday.


On the domestic equity market front, the BSE Sensex ended 246.47 points or 0.45 per cent higher at 54,767.62, while the broader NSE Nifty advanced 62.05 points or 0.38 per cent to 16,340.55.


The dollar index, which measures the greenback's strength against a basket of six currencies, was down 0.66 per cent at 106.66.


Brent crude futures, the global oil benchmark, fell 0.40 per cent to $105.84 per barrel.


Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 156.08 crore, as per stock exchange data.



Share

Add comment

Guests are not allowed to Add blog comments. Please sign in.

Comments

  • 30 Sep 2022 at 13:09
    There are certainly a couple more details to take into consideration, but thank you for sharing this information. Thai elitevisa
  • 30 Sep 2022 at 12:41
    I have been exploring for a little for any high quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i am happy to convey that I have an incredibly good uncanny feeling I discovered just what I needed. I most certainly will make sure to don’t forget this web site and give it a look regularly. ซื้อหวย
  • 30 Sep 2022 at 12:15
    I am typically to blogging we actually appreciate your site content. This article has truly peaks my interest. I am about to bookmark your site and keep checking for brand spanking new information. สมัครบาคาร่าเว็บตรง
  • 30 Sep 2022 at 11:39
    I would like to thank you for the efforts you’ve put in writing this web site. I am hoping the same high-grade web site post from you in the upcoming as well. Actually your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a great example of it. รองพื้น
  • 30 Sep 2022 at 11:09
    The writer has outdone himself this time. It is not at all enough; the website is also utmost perfect. I will never forget to visit your site again and again. ลิปสติก
  • 29 Sep 2022 at 15:31
    Some truly wonderful articles on this website , appreciate it for contribution. เสื้อในเด็ก
  • 29 Sep 2022 at 14:46
    Hey! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog post or vice-versa? My blog covers a lot of the same topics as yours and I believe we could greatly benefit from each other. If you are interested feel free to send me an e-mail. I look forward to hearing from you! Superb blog by the way! ผิวขาดน้ำ
  • 29 Sep 2022 at 14:06
    Gnarly article mate, keep the good work, just shared this with ma friendz สิวผด
  • 29 Sep 2022 at 13:31
    Black Ops Zombies… [...]some people still have not played this game. It’s hard to imagine or believe, but yes, some people are missing out on all of the fun.[...]… รองพื้น
  • 29 Sep 2022 at 12:59
    We clean up on completion. This may sound obvious but not many a plumber in Sydney does. We wear uniforms and always treat your home or office with respect. จุดด่างดำ
Pages: 1 2 3 4 5

Rate

Your rate: 0
Total: 0 (0 votes)

Tags

wikifx