Tag: Foreign Exchange

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

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 US dollar on Thursday.

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

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

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

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

The rupee closed flat 72.55 (provisional) against the US dollar on Wednesday as selling pressure in domestic equity markets weighed on investor sentiment.

Losses in the equity markets and a strengthening dollar against major currencies overseas kept the pressure on the rupee, forex traders said.

At the interbank forex market, the local unit opened almost flat at 72.56 against the greenback and witnessed an intra-day high of 72.51 and a low of 72.62.

It finally ended unchanged at 72.55 against the American currency, compared to its previous close.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.03 % to 91.91.

Meanwhile, Brent crude futures, the global oil benchmark, fell 0.82 % to USD 67.83 per barrel.

On the domestic equity market front, the BSE Sensex ended 562.34 points or 1.12 % lower at 49,801.62, while the broader NSE Nifty fell 189.15 points or 1.27 % to 14,721.30.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹ 1,692.31 crore on Tuesday, according to exchange data.