Sunday, Sep 24, 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 Rises 8 Paise To 79 61 Against Us Dollar In Early Trade

Rupee rises 8 paise to 79.61 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened at 79.66 against the dollar, then touched 79.61 in initial deals, registering a gain of 8 paise over its previous close.

By PTI
Published Date - 11:15 AM, Fri - 9 September 22
Rupee rises 8 paise to 79.61 against US dollar in early trade
whatsapp facebook twitter telegram

Mumbai: The rupee appreciated 8 paise to 79.61 against the US dollar in opening trade on Friday, tracking the dollar’s decline versus its major peers and foreign fund inflows.

At the interbank foreign exchange, the domestic unit opened at 79.66 against the dollar, then touched 79.61 in initial deals, registering a gain of 8 paise over its previous close.

On Thursday, The rupee rose by 26 paise to close at a week’s high of 79.69 against the American currency.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.72 per cent to 108.92, as markets digested yet more hawkish Fed.

The US Federal Reserve Chair, Jerome Powell on Thursday said he is “strongly committed” to fighting inflation.

Meanwhile, the European Central Bank raised its key interest rates by an unprecedented 75 basis points.

“ECB raised interest rates by 75 bps, taking the euro higher and the dollar index lower at 109.08 levels. Brent oil remains below USD 90 per barrel. Asian currencies gain against the dollar,” said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.

The rupee will stay in a range of 79.40 to 79.80 for the day, Bhansali added.

Brent crude futures, the global oil benchmark, advanced 0.22 per cent to USD 89.35 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 291.14 points or 0.49 per cent up at 59,979.36. Similarly, the broader NSE Nifty rose 104.65 points or 0.59 per cent to 17,903.40.

Foreign institutional investors (FIIs) were net buyers in the capital markets, as they purchased shares worth Rs 2,913.09 crore on Thursday, according to provisional data.

    Also Read

  • RBI’s digital rupee pilots this year
  • Adani’s open offer for NDTV shares to begin on Oct 17
  • Telangana’s IT sector thrives despite no ITIR
Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • US dollar

Related News

  • 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

  • Rupee recovers from record lows, jumps 24 paise to end at 83.08 against US dollar

    Rupee recovers from record lows, jumps 24 paise to end at 83.08 against US dollar

  • Rupee rises 6 paise against US dollar in early trade

    Rupee rises 6 paise against US dollar in early trade

Latest News

  • ‘Roadies’ contestant Joginder chooses Rhea Gang’s tent after spooky stories

    2 mins ago
  • Jairam Ramesh writes to Dhankhar on ‘political sloganeering’ from RS visitor’s gallery

    5 mins ago
  • Hyderabad: Kangana seeks blessings at Sri Peddamma Thalli temple before ‘Chandramukhi 2’ release

    2 mins ago
  • ISL: Mohun Bagan Super Giant beats debutants Punjab FC 3-1

    14 mins ago
  • Megan Thee Stallion surprises Beyoncé onstage in Houston concert

    2 mins ago
  • Asian Games: Indian men’s volleyball team bow out in quarterfinals after 3-0 defeat against Japan

    24 mins ago
  • Nora Fatehi films ‘Crakk’ with Vidyut Jammwal in Baku

    2 mins ago
  • India women’s table tennis team knocked out of Asian Games after loss to Thailand

    35 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