Thursday, Aug 11, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Rupee Gains 9 Paise To 77 69 Against Us Dollar In Early Trade Ahead Of Rbi Policy Outcome

Rupee gains 9 paise to 77.69 against US dollar in early trade ahead of RBI policy outcome

By ANI
Published: Published Date - 11:15 AM, Wed - 8 June 22
Rupee gains 9 paise to 77.69 against US dollar in early trade ahead of RBI policy outcome

Mumbai: The rupee strengthened by 9 paise to 77.69 against the US dollar in opening trade on Wednesday, ahead of the Reserve Bank of India’s monetary policy decision.

A weak trend in domestic equities, surging crude oil prices and unabated foreign fund outflows capped the appreciation bias of the rupee, forex dealers said.

The RBI’s Monetary Policy Committee (MPC) is slated to announce its policy decision later in the day.

At the interbank foreign exchange, the rupee opened strong at 77.70 against the US dollar, then gained further ground to quote 77.69, registering a rise of 9 paise over the last close.

In the previous session, the rupee had closed at a record 77.78 against the US dollar.

On the domestic equity market front, the 30-share Sensex was trading 63.2 points or 0.11 per cent lower at 55,044.14, while the broader NSE Nifty slipped 23.65 points or 0.14 per cent to 16,392.70.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.24 per cent to 102.56.

Global oil benchmark Brent crude futures advanced 0.07 per cent to USD 120.66 per barrel.

Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 2,293.98 crore, as per exchange data.

The RBI is likely to raise the benchmark lending rate by 25-50 basis points on Wednesday as inflation continues to remain above its comfort level, say experts.

Last month, RBI raised the repo rate or short-term lending rate by 40 basis points in an off-cycle monetary policy review to check spiralling inflation.

The decision of the RBI Governor Shaktikanta Das-headed MPC, which started its deliberations on Monday, is scheduled to be announced at 10 am on Wednesday.

  • Follow Us :
  • Tags
  • BI policy
  • Rupee
  • US dollar

Related News

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

    Rupee trades in narrow range against US dollar in early trade

  • Rupee rises 11 paise to 79.52 against US dollar in early trade

    Rupee rises 11 paise to 79.52 against US dollar in early trade

  • Rupee falls 22 paise to 79.46 against US dollar in early trade

    Rupee falls 22 paise to 79.46 against US dollar in early trade

  • 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

  • Rupee gains 46 paise to 78.94 against US dollar ahead of RBI policy outcome

    Rupee gains 46 paise to 78.94 against US dollar ahead of RBI policy outcome

  • Rupee falls 36 paise to 79.51 against US dollar in early trade

    Rupee falls 36 paise to 79.51 against US dollar in early trade

Latest News

  • Black Tea can prevent SARS-CoV-2 from replicating, CCMB study

    5 mins ago
  • Inner workings of the nephron

    22 mins ago
  • Opinion: Bipolarity is back

    24 mins ago
  • Buzz in the tech sector

    26 mins ago
  • Protect your back before the exams

    27 mins ago
  • Editorial: Diluting federal spirit

    29 mins ago
  • Laal Singh Chaddha review: Aamir shines in this desi Forrest Gump

    50 mins ago
  • Other States want to emulate SHE Teams, CybHER concepts: ADGP Swati Lakra

    54 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