Forex

Rupee trades almost flat at 75.28 against dollar in opening deals

PTI Mumbai | Updated on October 18, 2021

The dollar index was up 0.17 per cent at 94.09

The Indian rupee traded marginally lower by 2 paise at 75.28 against the US dollar in early trade on Monday, tracking stronger greenback against key rivals overseas.

At the interbank forex market, the local unit opened on a steady note and traded cautiously between a high of 75.26 and a low of 75.29 against the American currency.

On Thursday, the rupee had settled at 75.26 against the US dollar. The Forex market was closed on Friday for Dussehra.

Also see: Dollar index oscillates in a range

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.17 per cent at 94.09. Brent crude futures, the global oil benchmark, rose 1.07 per cent to $85.76 per barrel.

On the domestic equity market front, the BSE Sensex was trading higher by 525.54 points or 0.86 per cent at 61,831.49 while the broader NSE Nifty was up 166.55 points or 0.91 per cent at 18,505.10.

Foreign institutional investors remained net buyers in the capital market on Thursday, as they purchased shares worth ₹1,681.60 crore, as per exchange data.

Published on October 18, 2021

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