Advertisement
Friday, Dec 03, 2021
Outlook.com
Outlook.com

Rupee Breaks 3-Day Losing Streak, Closes At 74.79 Against US Dollar

The local currency opened at 74.44 against the dollar and rose to an intra-day high of 74.70 against the dollar. It fell to an intra-day low of 74.93 against the dollar.

Rupee Breaks 3-Day Losing Streak, Closes At 74.79 Against US Dollar
Rupee Breaks 3-Day Losing Streak, Closes At 74.79 Against US Dollar
outlookindia.com
2021-10-07T19:47:35+05:30

Rupee recovered from its three-day losing streak as it closed 19 paise higher at 74.79 against the dollar with the softening of the dollar in international markets and cooling off crude oil prices. 

The local currency opened at 74.44 against the dollar and rose to an intra-day high of 74.70 against the dollar. It fell to an intra-day low of 74.93 against the dollar. It had slipped 54 paise to close at 74.98 against the dollar on Wednesday - its biggest single-day drop in six months. 

The rupee might continue seeing fluctuation ahead of the monetary policy announcement scheduled for October 8. 

The dollar index fell 0.06 per cent to 94.20. 

Brent crude futures fell 1.07 per cent to $80.21/barrel.

BSE Sensex ended the day 488.10 points or 0.82 per cent higher at 59,677.83 points. NSE Nifty closed the day at 17,790.35 points which 0.82 per cent or 144.35 points higher than the previous close. 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Shaheen Bagh, CAA, Farmers’ Protest: Hip-Hop Is The Voice Of Dissent In India

Shaheen Bagh, CAA, Farmers’ Protest: Hip-Hop Is The Voice Of Dissent In India

Young, brash and little-known artistes are using hip-hop as an outlet to speak up and speak out.

World Disability Day: Visually Impaired Girls In Himachal Use Education To Dispel Darkness

World Disability Day: Visually Impaired Girls In Himachal Use Education To Dispel Darkness

Umang Foundation in Himachal Pradesh has helped many blind and visually impaired persons achieve their dreams by giving them access to higher education.

IND Vs GER, Junior Hockey WC: India 2-4 Germany - FT

IND Vs GER, Junior Hockey WC: India 2-4 Germany - FT

Bobby Singh Dhami and Uttam Singh scored the goals for India against Germany in Hockey Men's Junior World Cup 2021 semifinal.

Kashmir: Ghulam Nabi Azad Emerges As Key Player In J&K With Or Without Congress

Kashmir: Ghulam Nabi Azad Emerges As Key Player In J&K With Or Without Congress

Crowds at Congress leader Ghulam Nabi Azad's recent rallies show that he will be a key player in elections in Jammu and Kashmir, when they happen.

Advertisement