Advertisement
Sunday, Aug 14, 2022
Outlook.com
Outlook.com

Rupee Recovers 12 Paise At 74.96 Against Dollar At Close On Tuesday

The local currency opened at 75.05 higher than yesterday's close. It touched an intra-day high of 74.95 against the dollar and a low of Rs 75.17. Eventually, it closed the day at 74.96 against the greenback. It had slipped 18 paise to close at 75.08 on Monday.

Rupee Recovers 12 Paise At 74.96 Against Dollar At Close On Tuesday
Rupee Recovers 12 Paise At 74.96 Against Dollar At Close On Tuesday
outlookindia.com
2021-10-26T18:02:15+05:30

Rupee recovered from its two-session losing run to close 12 paise higher at 74.96 against the dollar on Tuesday as crude oil prices eased and domestic equities registered a positive trend. Analysts told news agency PTI that a weaker greenback against major global currencies and easing United States' treasury yields further supported the local currency. 

The local currency opened at 75.05 higher than yesterday's close. It touched an intra-day high of 74.95 against the dollar and a low of Rs 75.17. Eventually, it closed the day at 74.96 against the greenback. It had slipped 18 paise to close at 75.08 on Monday. 

Brent crude futures, fell 0.40 per cent to $85.65/barrel.

Demand for dollar from state-run banks, likely on behalf of importers, capped large gains in the local unit. Participants however remain cautious ahead of the revealing of important fiscal numbers. 

Analysts told PTI that the focus would also be on the United States consumer confidence data as a better-than-expected number could extend gains for the dollar. 

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.01 per cent to 93.80.

BSE Sensex ended 383.21 points or 0.63 per cent higher at 61,350.26. NSE Nifty rose 143 points or 0.79 per cent to close the day 18,268.40

(With inputs from PTI)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement