Rupee jumps 29 paise to close at 7442 against US dollar
Mumbai Dec 30 PTI The rupee surged 29 paise to close at 7442 provisional against the US dollar on Thursday following year-end dollar selling by banks and exporters amid muted domestic equitiesAt the interbank forex market the local unit opened strong at 7456 against the greenback and witnessed an intra-day high of 7438 and a low of 7465 It finally settled at 7442 a rise of 29 paiseIn the previous session the rupee had settled just one paisa lower at 7471 against the US dollarRupee after Wednesdays pause started heading north to monthly high on expectation of better inflows going ahead and dollar selling from exporters on year-end Central banks remain aside from intervening and technical selling has been seen accelerated in USDINR on breaking of support 7450 said Dilip Parmar- Research Analyst HDFC SecuritiesOn the domestic equity market front the BSE Sensex ended 1217 points or 002 per cent lower at 5779432 while the broader NSE Nifty declined 965 points or 006 per cent to 1720395Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 026 per cent to 9618Brent crude futures the global oil benchmark fell 068 per cent to USD 7869 per barrelForeign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 97523 crore as per exchange data PTI DRR DRR BAL BAL
Mumbai Dec 30 PTI The rupee surged 29 paise to close at 7442 provisional against the US dollar on Thursday following year-end dollar selling by banks and exporters amid muted domestic equitiesAt the interbank forex market the local unit opened strong at 7456 against the greenback and witnessed an intra-day high of 7438 and a low of 7465 It finally settled at 7442 a rise of 29 paiseIn the previous session the rupee had settled just one paisa lower at 7471 against the US dollarRupee after Wednesdays pause started heading north to monthly high on expectation of better inflows going ahead and dollar selling from exporters on year-end Central banks remain aside from intervening and technical selling has been seen accelerated in USDINR on breaking of support 7450 said Dilip Parmar- Research Analyst HDFC SecuritiesOn the domestic equity market front the BSE Sensex ended 1217 points or 002 per cent lower at 5779432 while the broader NSE Nifty declined 965 points or 006 per cent to 1720395Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 026 per cent to 9618Brent crude futures the global oil benchmark fell 068 per cent to USD 7869 per barrelForeign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 97523 crore as per exchange data PTI DRR DRR BAL BAL
