Categories: Business

Rupee ends 52 paise higher at 74.32 per dollar


Rupee Vs dollar

new Delhi. The rupee has witnessed a record rise against the dollar today, amid the boom in the domestic stock market and the steady flow of capital from foreign institutional investors. The rupee has risen 52 paise in today's trade, which is the fastest rise in domestic currency during the last one and a half months. At the same time, the rupee has reached the height of 5 months against the dollar today.

On Monday, the rupee closed up 74 paise to Rs 74.32 against the US currency in the inter-banking foreign exchange market. The weakening of the dollar against domestic signals as well as other large foreign currencies also strengthened the rupee. Today's closing level is the strongest rupee since March 18. The rupee opened weak at 74.91 per dollar during trading and touched a day high of 74.31 and a low of 74.91 during trading. Finally, the rupee closed at 74.32 per dollar, a strong rise of 52 paise against the previous day's closing price.

Foreign investors made a net purchase of Rs 410.16 crore in the shares on Friday, according to exchange data. In August, foreign portfolio investors invested Rs 41,330 crore in the Indian market. Liquidity has increased in the global market at the moment, due to which investors are increasing their investment in India, thereby benefiting the domestic currency. The 30-share index of the stock market closed at 38,799.08, showing a gain of 364.36 points. Meanwhile, Brent crude oil futures, considered the global standard, also rose 0.60 percent to $ 45.20 a barrel.

This post was published on August 24, 2020 11:19 pm

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