Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Rupee clocks 1st gain in three days, up 4 paise against USD


Date: 15-10-2020
Subject: Rupee clocks 1st gain in three days, up 4 paise against USD
Mumbai: The rupee managed to pare intra-day losses to settle higher by a marginal 4 paise at 73.31 against the US dollar on Wednesday, tracking upbeat Asian peers and late buying in domestic equities.

At the interbank forex market, the rupee traded in a narrow range. It opened at 73.39 against the US dollar and hit an intra-day high of 73.28 and a low of 73.47.

The Indian currency finally settled for the day at 73.31 against the greenback, higher by 4 paise over its previous close of 73.35 - logging its first gain in three days.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 93.47.

However, brent crude futures, the global oil benchmark, rose 0.09 per cent to USD 42.49 per barrel.

On the domestic stock market front, the BSE index after trading in the negative territory for a better part of the session staged a strong comeback towards the fag-end of the day. It finished the session at 40,794.74, up 169.23 points or 0.42 per cent.

Similarly, the broader NSE Nifty rose 36.55 points or 0.31 per cent to end at 11,971.05.

"Indian rupee gained after two days of downticks following cues from Asian currencies... The risk tone remains cautious as domestic equities remained range-bound after nine consecutive daily gains. Forex market traders remained circumspect ahead of US presidential election and Brexit deadline," Devarsh Vakil, Deputy Head Retail Research, HDFC Securities, said.

He further said that investors became more cautious over rising COVID-19 cases, vaccine trials being paused and US fiscal stimulus talks hitting a new impasse.

Meanwhile, exchange data showed that foreign investors bought equities worth a net Rs 821.86 crore in the Indian market on Wednesday.

Source:-economictimes.indiatimes.com

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2020 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+