Categories: Business

Rupee ends 12 paise higher at 74.78 per dollar



new Delhi. The rupee has gained during Tuesday's trade against the US dollar. In today's trade, the rupee has gained 12 paise to close at Rs 74.78 per dollar. The rupee strengthened due to the weakness in the dollar, along with the rise in domestic stock markets also supported domestic currency. In the Interbank foreign exchange market, the rupee opened stronger by 7 paise against the US dollar. During the business, the rupee remained strong and it traded only in the range of 9 paise.

The rupee opened at Rs 74.83 per dollar in today's trade. After that it strengthened and finally closed at 74.78 per dollar at the end of trading. At this price, it was 12 paise stronger than the previous day. It had closed at Rs 74.90 on the previous day. The domestic currency touched a high of Rs 74.77 and a low of Rs 74.86 per dollar during trading. Meanwhile, the dollar index, showing the position of the dollar against the world's six currencies, declined 0.13 percent to 93.46 points. Dealers in the foreign exchange market said that the domestic currency was supported by the continued flow of foreign funds in domestic markets. According to preliminary data from the stock exchanges, foreign funds made a net purchase of Rs 302.88 crore in the Indian capital market on Monday. Meanwhile, Brent crude futures for crude rose 0.47 percent to $ 45.20 per barrel in global markets.

This post was published on August 11, 2020 5:43 pm

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