Comments
The rupee on Monday appreciated 17 paise to close at 76.03 (provisional) against the US dollar in line with positive equity markets amid sustained foreign fund inflows.
Besides, a weak US dollar against major global currencies also aided the rupee’s upward movement, forex dealers said.
At the interbank foreign exchange market, the rupee opened strong at 76.16 and it further rushed to touch a high of 75.98 during the trade.
The domestic currency finally settled at 76.03 against the US dollar, registering a rise of 17 paise over its previous close of 76.20.
On the equities front, the 30-share BSE benchmark Sensex was trading 442.58 points higher at 35,174.31 and broader Nifty rose 123.10 points to 10,367.50.
Foreign institutional investors were net buyers in the capital market, as they bought equity shares worth ₹1,237 crore in the previous trading session on Friday, according to provisional exchange data.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.31 per cent to 97.31.
Brent crude futures, the global oil benchmark, rose 0.21 per cent to USD 42.28 per barrel.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.