: Rupee rises 8 paise to close at 79.79 against US dollar #IndiaNEWS #Business Mumbai: The rupee appreciated 8 paise to close at 79.79 (provisional) against the US dollar Monday, in line with a firm
Rupee rises 8 paise to close at 79.79 against US dollar #IndiaNEWS #Business
Mumbai: The rupee appreciated 8 paise to close at 79.79 (provisional) against the US dollar Monday, in line with a firm trend in domestic equities.
However, the strengthening of the American currency in the overseas market restricted the rupees gain, forex dealers said.
At the interbank forex market, the local unit opened at 79.84 against the greenback. It witnessed an intra-day high of 79.79 and a low of 79.90 against the American currency during the session.
It finally ended at 79.79 against the US dollar, up 8 paise from its previous close of 79.87.
The dollar index, which measures the greenbacks strength against a basket of six currencies, rose 0.28 per cent to 109.83.
Brent crude futures, the global oil benchmark, rose 2.75 per cent to USD 95.58 per barrel.
Rupee consolidated in a narrow range despite the dollar rising to a 30-year high. Gains in the dollar extended after non-farm payrolls numbers released from the US came in better-than-estimates, said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.
Euro and pound opened lower as the strength in the dollar continued.
We expect the USD/INR(Spot) to trade sideways with a positive bias and quote in the range of 79.40 and 80.05, Somaiya said.
On the domestic equity market front, the BSE Sensex ended 442.65 points or 0.75 per cent higher at 59,245.98 points, while the broader NSE Nifty gained 126.35 points or 0.72 per cent to 17,665.80.
Foreign institutional investors were net sellers in the capital market Friday, offloading shares worth Rs 8.79 crore, as per exchange data.
Stock Market NEWS Best intraday tips Intraday Stocks below 100
0 Reactions React
More posts by @IndiaNEWS
: CBI officer pressured to frame me in false case, committed suicide: Sisodia #IndiaNEWS #National New Delhi: Delhi Deputy Chief Minister Manish Sisodia Monday alleged that a Deputy Legal advisor of
0 Reactions React
: CBI trashes Manish Sisodia’s claim over officer’s suicide #IndiaNEWS #National New Delhi: The CBI refuted Monday, Delhi Deputy Chief Minister Manish Sisodia’s charge that its deputy legal
0 Reactions React
0 Comments
Sorted by latest first Latest Oldest Best
Terms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © hashkaro.com2024 All Rights reserved.