Tuesday, Aug 16, 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 Rises 14 Paise To 79 77 Against Us Dollar In Early Trade

Rupee rises 14 paise to 79.77 against US dollar in early trade

By PTI
Published: Published Date - 12:30 PM, Thu - 28 July 22
Rupee rises 14 paise to 79.77 against US dollar in early trade

Mumbai: The rupee appreciated 14 paise to 79.77 against the US dollar in early trade on Thursday tracking the overnight weakness of the American currency.

However, higher oil prices, month-end importer demand and global recession fears could restrict the gains for the local unit, forex traders said.

At the interbank foreign exchange, the rupee opened at 79.80 against the American dollar, and touched 79.77 in initial deals, registering a gain of 14 paise over the last close.

On Wednesday, the rupee declined 13 paise to close at 79.91 against the US dollar.

“Rupee opened slightly stronger than Wednesday’s close. The US FED increased rates by 75 basis points and said that the aim is to bring inflation down to 2 per cent but was also a bit dovish in its approach,” said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.

Bhansali further noted that the Dow Jones and Asian indices were all up while Asian currencies also rose. “Though the dollar index fell below 107 levels, the dollar still remains strong until it breaches the 105 level,” he said.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.22 per cent to 106.21.

Global oil benchmark Brent crude futures rose 0.83 per cent to USD 107.50 per barrel.

On the domestic equity front, the 30-share Sensex was trading 464.87 points or 0.83 per cent higher at 56,281.19, while the broader NSE Nifty advanced 118.45 points or 0.71 per cent to 16,760.25.

Foreign institutional investors remained net sellers in the capital market on Wednesday, offloading shares worth Rs 436.81 crore, as per exchange data.

  • Follow Us :
  • Tags
  • Rupee
  • US dollar

Related News

  • From 4 to 80: A look back at journey of Rupee since India’s Independence

    From 4 to 80: A look back at journey of Rupee since India’s Independence

  • Rupee falls 9 paise to 79.71 against US dollar in early trade

    Rupee falls 9 paise to 79.71 against US dollar in early trade

  • 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

Latest News

  • GHMC, HMDA, TSPSCB to distribute 6 lakh clay idols for Ganesh Chaturthi

    4 hours ago
  • Tech Tok: Digital snooping crosses new limits

    4 hours ago
  • Opinion: Broken hearts in heartlands

    5 hours ago
  • Board has no policy allowing Indian players’ participation in foreign leagues: BCCI VP

    5 hours ago
  • Editorial: Symbol of self-reliance

    5 hours ago
  • US: 6 French tourists on plane that crashed into lake, killing 2

    5 hours ago
  • Former footballers term FIFA ban as ‘Darkest day of Indian football’

    5 hours ago
  • 30,000 people wave tricolour at Malla Reddy University

    5 hours 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