Sunday, September 24, 2023

Rupee gains 13 paise against US dollar

The rupee appreciated 13 paise to 74.26 against the US dollar in opening trade on Monday, tracking a strong rally in the domestic equities and weak American currency overseas.

However, rising crude prices in the international market and foreign fund outflows capped the rupee gains, forex traders said.

At the interbank foreign exchange, the rupee opened strong at 74.27 against the dollar, then lost some ground to quote 74.26, registering a rise of 13 paise over its previous close.

On Friday, the rupee had settled at 74.39 against the US dollar.

On the domestic equity market front, BSE Sensex was trading 245.07 points or 0.44 per cent higher at 55,574.39, while the broader NSE Nifty rose 52.60 points or 0.32 per cent to 16,503.10.

The US dollar was struggling against its major rivals in the overseas market.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.20 per cent to 93.30.

Global oil benchmark Brent crude futures surged 1.93 per cent to USD 66.44 per barrel.

Latest Articles

Australian Army Contingent For Joint Exercise “Austra Hind – 22” Arrive In India

The bilateral training exercise “AUSTRA HIND 22” between contingents of the Indian Army and the Australian Army is scheduled to take place at Mahajan...

IFFI 53 witnesses Asian premiere of the film ‘Interaction’ produced by ‘ART for the World’

Interaction is ART for the World’s latest anthology film production. Comprising of 12 original short films of 6-to-8-minute duration, the film was screened for...

English rendering of PM’s address in the 95th Episode of ‘Mann Ki Baat’ on 27.11.2022

I extend a warm welcome to you all in 'Mann Ki Baat', once again. This programmme is the 95th episode. We are fast moving...

India reiterates its commitment on conserving tortoises and fresh water turtles at CoP19 in Panama

The 19th Meeting of the Conference of the Parties (CoP 19) to the Convention on International Trade in Endangered Species of Wild Fauna and...