Friday, Jun 9, 2023
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
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Business | Rupee Rises 8 Paise To 72 88 Against Us Dollar In Early Trade

Rupee rises 8 paise to 72.88 against US dollar in early trade

At the interbank forex market, the domestic unit opened at 72.89 against the US dollar, then inched higher to 72.88, registering a rise of 8 paise over its previous close.

By PTI
Published Date - 01:56 PM, Mon - 1 February 21
Rupee rises 8 paise to 72.88 against US dollar in early trade
whatsapp facebook twitter telegram

Mumbai: The rupee appreciated by 8 paise to 72.88 against the US dollar in opening trade on Monday ahead of the Union Budget 2021-22 presentation in Parliament.

At the interbank forex market, the domestic unit opened at 72.89 against the US dollar, then inched higher to 72.88, registering a rise of 8 paise over its previous close.

On Friday, the rupee had settled at 72.96 against the American currency.

“The focus of the market is currently on the upcoming federal budget on Monday. Traders will watch for any announcements that could have a bearing on equity flows, and in turn on the rupee in the near term,” Reliance Securities said in a research note.

Asian currencies were weak against the greenback and could keep appreciation bias limited, the note added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.05 per cent to 90.53.

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 475.34 points higher at 46,761.11 and the broader NSE Nifty was up 121.55 points at 13,756.15.

Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 5,930.66 crore on a net basis on Friday, according to exchange data.

Brent crude futures, the global oil benchmark, advanced 0.71 per cent to USD 55.43 per barrel.

  • Follow Us :
  • Tags
  • American currency
  • BSE
  • Budget
  • interbank forex market

Related News

  • Rupee falls 7 paise to 82.59 against US dollar ahead of RBI policy decision

    Rupee falls 7 paise to 82.59 against US dollar ahead of RBI policy decision

  • Sensex climbs 85.64 points to 63,228.60 in early trade

    Sensex climbs 85.64 points to 63,228.60 in early trade

  • Rupee rises 8 paise to 82.52 against US dollar

    Rupee rises 8 paise to 82.52 against US dollar

  • Sensex climbs 235.1 points to 63,027.98 in early trade

    Sensex climbs 235.1 points to 63,027.98 in early trade

  • NSE, BSE remove Adani Enterprises from short-term ASM framework

    NSE, BSE remove Adani Enterprises from short-term ASM framework

  • Rupee rises 39 paise to 82.36 against US dollar

    Rupee rises 39 paise to 82.36 against US dollar

Latest News

  • Don’t lose heart, strive to lead a normal life

    1 second ago
  • Teachers scam: Now ED summons Abhishek Banerjee for questioning on June 13

    20 mins ago
  • Process already begun: K’ taka Education Minister on textbook revision

    41 mins ago
  • Editorial: Ambivalence towards plastic ban

    6 hours ago
  • Opinion: More than Human Life

    6 hours ago
  • Biden, Sunak hold White House talks on daunting challenges to Ukraine, world economy

    6 hours ago
  • Modi holds telephonic conversation with Saudi Arabian counterpart

    6 hours ago
  • Premier Handball League: Telugu Talons, Rajasthan Patriots register wins on first matchday

    7 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