Tuesday, April 13, 2021
Home BUSINESS Rupee pares initial gains, settles 2 paise down at 74.68 against US...

Rupee pares initial gains, settles 2 paise down at 74.68 against US dollar

The rupee pared initial gains and settled 2 paise down at 74.68 against the U.S. dollar on July 6 even as the domestic equity market traded in the positive territory.

Forex traders said positive equities, foreign fund inflows and weak U.S. currency supported the local unit. However, rising COVID-19 cases weighed on investor sentiment.

In a highly volatile session, the rupee which opened at 74.53 against the U.S. dollar, touched an intra-day high of 74.52 against U.S. dollar, and a low of 74.82.

The domestic unit finally closed at 74.68 against the U.S. dollar, down 2 paise over its previous close of 74.66 on July 3.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.24% to 96.94.

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 525.69 points higher at 36,547.11 and broader NSE Nifty rose 173.50 points to 10,780.85.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹857.29 crore on July 3, according to provisional exchange data.

Brent crude futures, the global oil benchmark, rose 1.66% to $43.51 per barrel.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.


A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.


We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link


Please enter your comment!
Please enter your name here

Most Popular

Indian Staffing Market will be the largest market in the world, today the industry is an over 6 billion dollar industry, says Mr Sultan...

Mumbai: According to Mr Sultan Khan, Founder & Director of EaseConnect HR Services Pvt. Ltd. Indian Staffing Market will be the largest market in...

HSE Interview Questions & Answers

What is Safety? The condition of being protected from or unlikely to cause danger, risk, or injury is Called Safety. What is the accident? It is an...

Putham Pudhu Kaalai trailer: Five Tamil filmmakers bring five stories of love in the time of Covid-19

The trailer of Amazon Prime’s upcoming Tamil film Putham Pudhu Kaalai was unveiled on Monday by filmmaker Mani Ratnam and composer A.R Rahman. Tamil...