Tuesday, Sep 26, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Rupee Gains 26 Paise In Afternoon Trade To 79 20 Against Us Dollar

Rupee gains 26 paise in afternoon trade to 79.20 against US dollar

Mumbai: The Indian rupee appreciated 26 paise during the afternoon trade at 79.20 against the US dollar by 12.37 p.m. on Friday, as against 79.46 close on the previous trading session. In the morning trade, the rupee had appreciated more than 50 paise, but as soon as crude oil prices rises the gains has reduced. […]

By IANS
Published Date - 01:45 PM, Fri - 5 August 22
Rupee gains 26 paise in afternoon trade to 79.20 against US dollar
whatsapp facebook twitter telegram

Mumbai: The Indian rupee appreciated 26 paise during the afternoon trade at 79.20 against the US dollar by 12.37 p.m. on Friday, as against 79.46 close on the previous trading session.

In the morning trade, the rupee had appreciated more than 50 paise, but as soon as crude oil prices rises the gains has reduced.

At the interbank foreign exchange, the rupee opened at 79.15 against the US dollar, then touched 78.94, registering a gain of 46 paise over the last close in the morning trade.

The gains in the local currency was account of persistent inflows by the foreign investors and easing Brent crude oil prices.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies was at 105.75.

Brent crude oil prices were trading at $94.84 per barrel. It has gone up in the morning to more than $97 a barrel.

The RBI in it’s bi-monthly monetary policy has increased repo rate by 50 basis points to 5.40 per cent to contain inflation.

Consequently, the standing deposit facility rate adjusted to 5.25 per cent and marginal standing facility and the bank rate adjusted to 5.65 per cent.

The central bank has retained GDP and inflation forecast at 7.2 per cent and 6.7 per cent, respectively, for the current financial year.

“With inflation expected to remain above the upper threshold in Q2 and Q3, the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium term. The MPC, therefore, judged that further calibrated withdrawal of monetary accommodation is warranted to keep inflation expectations anchored and contain the second-round effects,” RBI Governor Shaktikanta Das said.

Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • Rupee
  • US dollar

Related News

  • Rupee falls 8 paise to 83.21 against US dollar in early trade

    Rupee falls 8 paise to 83.21 against US dollar in early trade

  • Rupee falls 16 paise to 83.10 against US dollar in early trade

    Rupee falls 16 paise to 83.10 against US dollar in early trade

  • Rupee rises 38 paise to 82.75 against US dollar in early trade

    Rupee rises 38 paise to 82.75 against US dollar in early trade

  • Rupee falls 2 paise against US dollar

    Rupee falls 2 paise against US dollar

  • Rupee rises 5 paise to close at 83.06 against US dollar

    Rupee rises 5 paise to close at 83.06 against US dollar

  • Rupee trades in narrow range against US dollar in early trade

    Rupee trades in narrow range against US dollar in early trade

Latest News

  • Lokesh meets Murmu with plea to save democracy in AP

    17 seconds ago
  • ED attaches immovable assets, bank balance of Sunheaven Agro in PMLA case

    1 min ago
  • Steve Smith’s form not a concern but Australia must adapt well, feels Mitchell Starc

    3 mins ago
  • DEN-2 variant in dengue is more prevalent

    8 mins ago
  • Andhra Pradesh: Man dies of electrocution in Srikakulam at Ganesh Chaturthi event

    14 mins ago
  • Today’s youths becoming job creators: Sonowal

    16 mins ago
  • Brain signals may determine your memory performance

    18 mins ago
  • PM hails Indian Equestrian Dressage team for winning gold at Asian Games

    21 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam