Categories: Business

Rupee ends 7 paise higher at 75.51 per dollar


Rupee Vs Dollar

new Delhi. The Indian rupee on Tuesday registered a strong opening in the foreign exchange market amid signs of a rally in the domestic stock markets and closed at 75.51 per dollar with a gain of seven paise. According to traders of foreign currencies, the rupee-dollar exchange rate fluctuations remained within a limited range. Bullish news in the domestic stock markets supported the rupee but investors' morale was affected due to foreign investment funds withdrawing money from the Indian market and rising corona virus cases in the country. The dollar opened stronger at 75.48 per dollar and finally closed at 75.51, seven paise stronger than the previous close. The exchange rate closed at Rs 75.58 per dollar on Monday.

The rupee once strengthened during the bar to reach 75.45 per dollar. At one time during the day, the dollar was being quoted at Rs 75.58. Meanwhile, the dollar index, based on a comparative exchange rate with six major currencies, was up 0.09 percent at 97.62. Foreign institutional investors on Monday sold shares worth Rs 1,937.06 crore in the capital market. In the international market, Brent crude oil was down 0.62 percent and was trading at $ 41.45 per barrel. There is concern in the markets as the corona virus epidemic continues to spread. The number of infected people has reached 1.03 crore worldwide. So far, 5.05 people have died due to this disease. In India, 16,893 people have died due to corona virus infection and 5,66,840 people have been infected.

This post was published on June 30, 2020 6:56 pm

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