Advertisement
Thursday, Oct 21, 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
Advertisement

Read More from Outlook

100-Crore-Vaccinations: India Wins  Accolades From WHO, World Leaders

100-Crore-Vaccinations: India Wins Accolades From WHO, World Leaders

India’s historic 100-crore Covid-19 vaccination landmark has won global appreciation with wishes pouring in from WHO and neighbouring countries.

Serum Institute Of India Eyes Exports With Enhanced Covid-19 Vaccine Output: Adar Poonawalla

Serum Institute Of India Eyes Exports With Enhanced Covid-19 Vaccine Output: Adar Poonawalla

The company’s CEO Adar Poonawalla said the company would be able to export 20 to 30 million Covid-19 vaccine doses in November this year.

Football Risks Losing Its Appeal, Warns FIFA Chief Gianni Infantino

Football Risks Losing Its Appeal, Warns FIFA Chief Gianni Infantino

Infantino made it clear that his organisation — a behemoth in the world of sports — is not solely guided by revenue.

SpiceJet Introduces Special Livery To Mark India's 100 Crore Feat In Covid-19 Vaccination

SpiceJet Introduces Special Livery To Mark India's 100 Crore Feat In Covid-19 Vaccination

SpiceJet Chairman and Managing Director Ajay Singh said the reaching of 100-crore-dose milestone in mere 279 days was testament to the efforts of health workers.

Advertisement