Rupee settles almost flat at 72.52 against USD amid firmness in equities




The rupee ended on a flat note against the on Friday amid a firm trend in domestic equity and a stronger dollar in overseas


At the interbank forex market, the local unit opened lower at 72.57 against the greenback and witnessed an intra-day high of 72.46 and a low of 72.58.



It finally closed at 72.52 against the American currency, registering a rise of just 1 paisa over its previous close. The rupee had ended at 72.53 against the on Thursday.


On the domestic equity market front, the BSE Sensex ended 641.72 points or 1.30 per cent higher at 49,858.24, while the broader NSE Nifty surged 186.15 points or 1.28 per cent to 14,744.00.


The dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.08 per cent to 91.94.


Brent crude futures, the global oil benchmark, rose 1.33 per cent to USD 64.12 per barrel.


Foreign institutional investors remained net buyers in the capital market as they bought shares worth Rs 1,258.47 crore on Thursday, according to exchange data.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link