Home Business The rupee rose 30 paise to close at 81.63 against the US...

The rupee rose 30 paise to close at 81.63 against the US dollar. News Jani

The rupee rose 30 paise to close at 81.63 against the US dollar.

,

The rupee closed up 30 paise at 81.63 (provisional) against the US dollar on Thursday as a weaker greenback in overseas markets and a rally in domestic equities boosted investor sentiment.

Forex traders said the dollar fell in international trade after weak US data and dovish Fed minutes.

In the interbank foreign exchange market, the local unit opened at 81.72 and touched an intraday high of 81.60 and a low of 81.77 against the greenback. The local unit finally settled at 81.63, registering an increase of 30 paise over its previous close.

On Wednesday, the rupee closed 26 paise lower at 81.93 against the US currency.

“The rupee has been trading in a narrow range and has been less volatile over the past few sessions. The euro and pound are trading higher after the Fed maintained a less dovish stance in its meeting minutes released on Wednesday,” Gaurang said. said Soumya, Forex and Bullion Analyst, Motilal Oswal Financial Services.

Some committee members expressed concern about risks to the financial system if the Fed continues to move at the same aggressive pace, Soumya said. He added that volatility for the dollar could remain low with US markets closed for the Thanksgiving holiday.

Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.19 percent to 105.87. Global oil benchmark Brent crude futures were down 0.32% at US$85.14 per barrel.

On the domestic equity market front, the 30-share BSE Sensex ended up 762.10 points, or 1.24 percent, at 62,272.68, while the broader NSE Nifty rose 216.85 points, or 1.19 percent, to 18,484.10.

Foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 789.86 crore, according to exchange data.

RELATED ARTICLES
5G rollout will be faster in India: Nokia India exec , New Delhi: India is set to record the fastest 5G rollout in the...
Fiscal challenges emerge as jobs plan, subsidies drive up costs. , With government spending rising above budget levels due to subsidy hikes and a fresh...
90 days validity, 180 GB data and free calls for just Rs.30. This prepaid plan is worth the money. , New Delhi. Reliance...
Amazon will shut down another popular service in India, the second major shock to consumers in two days , New Delhi. Nothing is going well...
Federation of German Industries fears corporate exodus due to energy shortages, US subsidies , Tanja Gönner, CEO of the Federation of German Industries (BDI), told...
A milk price hike by Amul is off the cards in the near future, says GCMMFMD. , The Gujarat Cooperative Milk...

Most Popular

Operation of security forces in Kohlu, 9 terrorists killed - Pakistan , 9 terrorists were killed during the operation of security forces in Kohlu area...
Kamala Harris is the 'Cackler in Chief' , Sky News host Rita Panahi says that "Keckler-in-Chief" Kamala Harris was visiting Taiwan last week for the...
The investigation team summoned Murad Saeed with the laptop of journalist Arshad Sharif. , In the senior journalist Arshad Sharif murder case, the Fact Finding...
Opposition Leader Matthew Guy will step down after the election defeat. , He will remain leader until a new leadership team is voted on at...
Authorities are worried about new HIV cases. , ISLAMABAD: The spread of human immunodeficiency virus (HIV) has reached a critical level with 9,773 new cases...
NAB summoned Malik Riaz , The National Accountability Bureau (NAB) has summoned Malik Riaz Hussain from the UK in a money laundering case. In the summon...
The White House condemned Donald Trump for having dinner with white supremacist Nick Fuentes. , The White House on Saturday condemned former President Donald Trump...
CEO of $4.5 billion digital company 'angry' over tech layoffs , London: Julian Tech, CEO of $4.5 billion digital insurer Wefox, has said he...