India News | Rupee Rises 10 Paise to 75.50 Against US Dollar in Early Trade

Mumbai, Jul 2 (PTI) The rupee appreciated 10 paise to 75.50 against the US dollar in early trade on Thursday tracking weakness in the greenback and gains in the domestic equity market.

Forex traders said positive domestic equities and weak US currency supported the local unit. Moreover, investor sentiment strengthened after Pfizer reported encouraging vaccine test results.

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The rupee opened at 75.51 against the US dollar, gained further ground and touched 75.50 against the US dollar, up 10 paise over its previous close.

It had settled at 75.60 against the greenback on Wednesday.

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The first of four experimental COVID-19 vaccines being tested by Pfizer and its German partner BioNTech showed encouraging results in very early testing of 45 people, the companies said on Wednesday.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 97.08.

The 30-share BSE benchmark Sensex was trading 344.79 points higher at 35,759.24 and broader NSE Nifty rose 102.25 points to 10,532.30.

Foreign institutional investors were net sellers in the capital market as they sold shares worth Rs 1,696.45 crore on Wednesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, rose 0.10 per cent to USD 42.07 per barrel.

Meanwhile, the number of cases around the world linked to COVID-19 has crossed 1.06 crore and the death toll has topped 5.15 lakh.

In India, the death toll due the disease rose to 17,834 and the number of infections spiked to 6,04,641, according to the health ministry. PTI DRR ANS ANS 07021032 NNNN'd equalized in the 65th, when he finished off a counterattack with a volley past Kastenmeier. However, the goal was ruled out through VAR after he was adjudged to have controlled the ball with his arm.

Düsseldorf substitute Steven Skrzybski struck the post twice in the closing stages. But it was to be another substitute, the 19-year-old Haaland, who powered home a header from Manuel Akanji's cross in the 95th minute to ensure Lucien Favre's side qualified for next season's Champions League.

The Swiss coach appeared to injure himself in the celebrations.

RELEGATION BATTLE INTENSIFIES

Last-placed Paderborn was virtually relegated in a 5-1 defeat at home to Bremen, which moved just behind Düsseldorf on goal difference. Düsseldorf is third from bottom in the relegation playoff place. Paderborn has 20 points, while Bremen and Düsseldorf have 28.

Union Berlin boosted its survival hopes beating Cologne 2-1.

“Soccer without fans is nothing,” read a banner behind one of the goals in Paderborn.

All Bundesliga games are being played without fans and amid strict hygiene measures since the league resumed on May 16 to reduce the threat of coronavirus infections.

HERTHA'S LUCK RUNS OUT

Hertha Berlin was to rue Dedryck Boyata's sending off before the break as Eintracht Frankfurt came from behind to win 4-1.

Boyata was sent off for bringing down Bad Dost just before the line. The defender was initially shown his second yellow card and Frankfurt awarded a penalty, but the decision was changed to a straight red and a free kick after a VAR consultation.

However, TV replays showed little if no contact.

Frankfurt's second goal in the 62nd was arguably the goal of the round. Japanese midfielder Daichi Kamada dribbled past three Hertha defnders and cut the ball back for André Silva to score with the back of his heel.

Perhaps inspired, Danny da Costa eluded four Hertha defenders before setting up Evan Ndicka for Frankfurt's third in the 69th. Silva wrapped it up in the 86th.

Also, Freiburg came from behind to draw in Wolfsburg 2-2. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)