India News | Rupee Rises 5 Paise to 76.15 Against US Dollar in Early Trade
Get latest articles and stories on India at LatestLY. The rupee appreciated 5 paise to 76.15 against the US dollar in early trade on Monday tracking gains in the domestic equity market and sustained foreign fund inflows.
Mumbai, Jun 22 (PTI) The rupee appreciated 5 paise to 76.15 against the US dollar in early trade on Monday tracking gains in the domestic equity market and sustained foreign fund inflows.
Forex dealers said a weak US dollar against major currencies overseas also helped the domestic unit.
However, rising crude prices and fresh spike in coronavirus cases restricted the gains.
The rupee opened strong at 76.16 against the US dollar, and inched higher to touch 76.15 against the US dollar, up 5 paise over its previous close.
Also Read | Sensex Up 300 Points at 35,027, Nifty at 10,333 Amid Lacklustre Performance in Global Stock Markets.
It had settled at 76.20 against the greenback in the previous session on Friday.
Meanwhile, the equity benchnmark Sensex was trading 421.66 points, or 1.21 per cent, higher at 35,153.39. Similarly, the NSE Nifty surged 122.95 points, or 1.20 per cent, to 10,367.35.
Foreign institutional investors were net buyers in the capital market as they bought shares worth Rs 1,237 crore on Friday, according to provisional exchange data.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 97.52.
Brent crude futures, the global oil benchmark, rose 0.19 per cent to USD 42.27 per barrel.
India's COVID-19 death toll rose to 13,699, cases climbed to 4,25,282 with 445 new fatalities and 14,821 fresh infections, according to the health ministry.
(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)