Tuesday, Dec 5, 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 Surges 16 Paise To Close At 72 49 Against Us Dollar

Rupee surges 16 paise to close at 72.49 against US dollar

At the interbank forex market, the local unit opened at 72.58 against the greenback and witnessed an intra-day high of 72.29 and a low of 72.58.

By PTI
Published Date - 04:21 PM, Mon - 22 February 21
Rupee surges 16 paise to close at 72.49 against US dollar
whatsapp facebook twitter telegram

Mumbai: The rupee gained 16 paise to settle at 72.49 (provisional) against the US dollar on Monday supported by sustained foreign fund inflows and expectation of improved macro-economic data.

At the interbank forex market, the local unit opened at 72.58 against the greenback and witnessed an intra-day high of 72.29 and a low of 72.58.


It finally ended at 72.49 against the American currency, registering a rise of 16 paise from its previous close.

On Thursday, the rupee had settled at 72.65 against the American currency. The forex market was shut on Friday on account of Chhatrapati Shivaji Maharaj Jayanti.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.04 per cent to 90.40.

“Indian Rupee gained strength amid steady FII inflows and expectation of improved macro-economic data. India’s GDP data is forecast to show that economy expanded in Q3 FY21 after 2 consecutive quarters of contraction,” said Saif Mukadam, Research Analyst, Sharekhan by BNP Paribas.

“Further, rupee advanced on hopes that massive stimulus packages from governments and easy monetary policies from central banks and progress in vaccination programs would boost economic growth. However, sharp gains were prevented on surge in crude oil prices and plunge in domestic markets,” Mukadam added.

The rupee may trade in the range of 72.00 to 72.90 in next couple of sessions, he noted.
On the domestic equity market front, the BSE Sensex ended 1,145.44 points or 2.25 per cent lower at 49,744.32, while the broader NSE Nifty fell 306.05 points or 2.04 per cent to 14,675.70.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 118.75 crore on Friday, according to exchange data.

Brent crude futures, the global oil benchmark, rose 0.57 per cent to USD 63.27 per barrel.

  • Follow Us :
  • Tags
  • American currency
  • Chhatrapati Shivaji Maharaj Jayanti
  • dollar index
  • interbank forex market

Related News

  • Gold prices soar to 7-month high

    Gold prices soar to 7-month high

  • Rupee falls 2 paise to all-time low of 83.36 against US dollar in early trade

    Rupee falls 2 paise to all-time low of 83.36 against US dollar in early trade

  • Rupee appreciates by 2 paise to 83.30 against US dollar in early trade

    Rupee appreciates by 2 paise to 83.30 against US dollar in early trade

  • Rupee falls by 9 paise to 83.18 against US dollar

    Rupee falls by 9 paise to 83.18 against US dollar

  • Rupee rises 32 paise to 83.01 against US dollar in early trade

    Rupee rises 32 paise to 83.01 against US dollar in early trade

  • Rupee ends almost flat against US dollar

    Rupee ends almost flat against US dollar

Latest News

  • Journalist Gaddam Satish illustrates Telangana’s triumphs through ‘Saamanyudi Maata’

    45 seconds ago
  • Telangana: ICRISAT launches Technology on Wheels to offer soil testing services on site to farmers

    4 mins ago
  • Govt says 45.59 lakh jobs created so far under PMMSY

    33 mins ago
  • Congress yet to digest shocking defeat in MP, Digvijaya raises question on authenticity of EVMs

    53 mins ago
  • Cyclone Michaung landfall process to complete in next 2 hours: IMD

    54 mins ago
  • Jayalalithaa remembered on her seventh death anniversary

    60 mins ago
  • ‘Fighter’ new poster: Deepika Padukone looks fierce as Squadron Leader Minal Rathore

    2 hours ago
  • Karni Sena national president Sukhdev Singh Gogamedi shot dead

    2 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