Advertisement
Tuesday, Sep 28, 2021
Outlook.com
Outlook.com

Rupee Down 12 Paise To 74.58 Against US Dollar In Early Trade

The rupee opened at 74.55 versus the dollar on the interbank foreign exchange, then slipped to 74.58, a drop of 12 paise from its previous finish.

Rupee Down 12 Paise To 74.58 Against US Dollar In Early Trade
| PTI
Rupee Down 12 Paise To 74.58 Against US Dollar In Early Trade
outlookindia.com
2021-07-23T10:59:25+05:30

The Indian rupee depreciated 12 paise to 74.58 against the US dollar in opening trade on Friday tracking a firm American currency.

At the interbank foreign exchange, the rupee opened at 74.55 against the dollar, then fell further to 74.58, registering a fall of 12 paise over its previous close.

On Thursday, the rupee had settled at 74.46 against the US dollar.

The Indian Rupee started on a weak note this Friday as investors await fresh cues, Reliance Securities said in a research note.

Crude has moved back above USD 70/barrel and could keep appreciation bias limited, the note said, adding that risk appetite remained mixed and could keep the currency in the small trading band this Friday.

Meanwhile, the Reserve Bank of India will release its weekly forex reserves data after-market hours.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading up 0.05 percent at 92.87.

Global oil benchmark Brent crude futures fell 0.31 percent to USD 73.56 per barrel.

On the domestic equity market front, BSE Sensex was trading 116.62 points or 0.22 percent higher at 52,953.83, while the broader NSE Nifty advanced 28.75 points or 0.18 percent to 15,852.80.

Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 247.59 crore, as per exchange data.

Advertisement

Outlook Newsletters

Advertisement
Advertisement

Read More from Outlook

Navjot Singh Sidhu Resigns As Congress Punjab Chief, Capt Amarinder Says 'Told You So'

Navjot Singh Sidhu Resigns As Congress Punjab Chief, Capt Amarinder Says 'Told You So'

The announcement came days after Congress leader Charanjit Singh Channi was appointed the Chief Minister of Punjab following the ouster of Captain Amarinder Singh.

Unlike Punjab, Why Congress High Command May Not Replace CM In Rajasthan

Unlike Punjab, Why Congress High Command May Not Replace CM In Rajasthan

Unlike Punjab, in Rajasthan the things seem to go on a slower pace and the stalemate in the party's state unit will continue for some time.

IPL 2021, Live Cricket Scores, KKR Vs DC: Kolkata Knight Riders Have An Eye On Playoffs

IPL 2021, Live Cricket Scores, KKR Vs DC: Kolkata Knight Riders Have An Eye On Playoffs

Follow here live cricket scores and updates of KKR vs DC. Delhi Capitals are unbeaten in the UAE leg of IPL 2021.

Third Generation Apple Producers In Himachal Turn To Digital Solutions Amid Pandemic

Third Generation Apple Producers In Himachal Turn To Digital Solutions Amid Pandemic

Using digital gateways and portals, a group of young apple producers from Himachal Pradesh are selling fresh, nutritious and natural apple varieties directly to buyers without middlemen.

Advertisement