Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.21 percent lower at 92.75. Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,118.46 crore on Thursday, according to exchange data. Copyright © e-Eighteen.com Ltd All rights resderved. Indian rupee, the currency benchmark, strengthened by 13 paise to 73.36 per dollar on Wednesday, supported by positive domestic equities and weak US … However, capital inflows and strong domestic equities limited the local currency's fall to some extent. Coronavirus Essential | Phase 3 trials for India's Covaxin to start next month; USFDA approves Remdesivir as the first COVID-19 treatment drug. The recent underperformance of the rupee was observed despite continued FII flows, said ICICIdierct. 172@29@17@136!~!172@29@0@53!~!|news|business|markets|rupee-opens-lower-at-73-64-per-dollar-2-6002261.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false. This saw EUR-USD lift back above 1.1700 after earlier posting fell to an eight-week low at 1.1673. On the domestic equity market front, BSE benchmark Sensex was trading 151.26 points higher at 40,709.75 and the broader NSE Nifty rose 45.25 points to 11,941.70. We expect 73.40 to act as an immediate support, only a break will weigh towards 73.20 zone, while, 73.90-74 will act as an immediate resistance. At the interbank forex market, the local unit opened weak at 73.62 against the US dollar and remained stressed for majority of the session before closing at 73.61, a loss of 7 paise over its previous close. Stock Market Highlights: Market ends higher for the week, Nifty ends above 11,900; auto stocks add gains, Wall Street rises at open on hopes of progress in stimulus talks, Oil holds near $42, heads for weekly loss as virus cases surge, Rupee ends 7 paise lower against US dollar. Reproduction of news articles, photos, videos or any other content in whole or in part in any form
Indian rupee ended marginally lower at 73.60, amid buying seen in the domestic equity market. During the session, the local unit witnessed an intra-day high of 73.46 and a low of 73.67 against the US dollar. Limited period offer. The rupee depreciated 7 paise to close at 73.61 (provisional) against the US dollar on Friday even as the domestic equity market was trading with significant gains. Use code SUPERPRO. It had settled at 73.54 against the greenback in the previous session on Thursday. The US dollar was advancing against the rupee although it is falling versus its major counterparts as hopes rise that Congress will be able to achieve a US … India's economic growth likely to pick up soon, says Morgan... We should remove exemptions and deductions in a phased manner,... Bottomline: Private healthcare gets its mojo. The rupee depreciated 7 paise to close at 73.61 (provisional) against the US dollar on Friday even as the domestic equity market was trading with … Scam 1992: Was Harshad Mehta the mastermind or fall guy of... Khabib Nurmagomedov calls time on undefeated MMA career. The dollar pulled back a little after posting fresh highs. or medium without express writtern permission of moneycontrol.com is prohibited. During the session, the local unit witnessed an intra-day high of 73.46 and a low of 73.67 against the US dollar. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services said, As we get close to the US election day, uncertainty over the outcome will keep USD-INR spot afloat. The US dollar was advancing against the rupee although it is falling versus its major counterparts as hopes rise that Congress will be able to achieve a US relief package deal. Available on Web and Android. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Rupee pares early gains, settles 5 paise lower at 73.36 against US dollar Rupee inches 4 paise higher to 73.27 against US dollar in early trade Sensex snaps 10-day rally, slumps 2.6% News in other languages on US DOLLAR / INDIAN RUPEE (USD/INR) 2019: FOREX: Tour d'horizon - semaine du 5 au 9 Août: 2019: L'or se réveille: 2018: LA MINUTE MACRO: La Fed change de ton, J-1 pour le G20, Encore le Brexit…: 2018: EURO / US DOLLAR (EUR/USD): Forex Übersicht – Die Woche vom 26. bis 30.Novembe.. Four gadgets you should invest in for good health. The dollar took stock at the end of a poor week on Friday, having shed about a cent against the euro and suffered its largest weekly drop against the yen in a month, as investors began to wager on a Biden presidency and big U.S. stimulus. Brent crude futures, the global oil benchmark, rose 0.28 percent to USD 42.34 per barrel. ©TV18 Broadcast Limited. Current exchange rate US DOLLAR (USD) to INDIAN RUPEE (INR) including currency converter, buying & selling rate and historical conversion chart. According to forex dealers, positive sentiment in the domestic equity market and weakness in US dollar overseas restricted the rupee's fall. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. All rights reserved. Copyright © e-Eighteen.com Ltd. All rights reserved. Last Updated : Oct 23, 2020 02:11 PM IST | Source: Watch experts decode 'The rise of ESG investing' on October 29 at 4pm. Mumbai: The rupee depreciated by 12 paise and settled for the day at 73.49 (provisional) against the US dollar on Tuesday. 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Register Now! It opened lower by 11 paise at 73.64 per dollar against previous close of 73.53 and traded in the range of 73.46-73.66. The rupee depreciated 7 paise to close at 73.61 (provisional) against the US dollar on Friday even as the domestic equity market was trading with significant gains. The rupee edged 4 paise higher to close at 73.31 against the US dollar on Wednesday, tracking weak American currency. At 14:08 IST, the Sensex was up 148.76 points or 0.37% at 40707.25, and the Nifty was up 46.20 points or 0.39% at 11942.70. Business Insight | Govt rules out rollback of digital tax, Big Story | Payment operators directed to shift to interoperable QR codes by March 2022, Burger King India files IPO papers with Sebi, fresh issue size increased to Rs 542 crore, 3-Point Analysis | Households get teary-eyed as onion prices soar to new high. It opened at 73.39 against the US dollar and finally settled for the day at 73.31 against the greenback, higher by 4 paise over its previous close of 73.35. At the interbank forex market the rupee traded in a narrow range. At the interbank forex market, the local unit opened weak at 73.62 against the US dollar and remained stressed for majority of the session before closing at 73.61, a loss of 7 paise over its previous close. Oil prices held on to gains made on the previous session on Friday, after Russian President Vladimir Putin indicated he would be prepared to extend record supply cuts in the face of the COVID-19 pandemic.