Rupee pares initial losses settles 3 paise higher at 75 against US dollar
Mumbai Dec 27 PTI Rising for the eighth straight session the rupee on Monday pared initial losses to settle 3 paise higher at 75 provisional against the US dollar amid a firm trend in domestic equitiesAt the interbank forex market the local unit opened at 7515 against the greenback and witnessed an intra-day high of 7495 and a low of 7516It finally settled at 75 showing a gain of 3 paise against the previous closeTrading is likely to remain range-bound this week ahead of the year-end holidays forex traders saidMoreover a strong US dollar and firm crude oil prices restricted the rupee uptrendOn the domestic equity market front the BSE Sensex ended 29593 points or 052 per cent higher at 5742024 while the broader NSE Nifty advanced 8250 points or 049 per cent to 1708625Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 021 per cent to 9621Brent crude futures the global oil benchmark fell 001 per cent to USD 7613 per barrelForeign institutional investors remained net sellers in the capital market on Friday as they offloaded shares worth Rs 715 crore as per exchange data PTI DRR DRR BAL BAL
Mumbai Dec 27 PTI Rising for the eighth straight session the rupee on Monday pared initial losses to settle 3 paise higher at 75 provisional against the US dollar amid a firm trend in domestic equitiesAt the interbank forex market the local unit opened at 7515 against the greenback and witnessed an intra-day high of 7495 and a low of 7516It finally settled at 75 showing a gain of 3 paise against the previous closeTrading is likely to remain range-bound this week ahead of the year-end holidays forex traders saidMoreover a strong US dollar and firm crude oil prices restricted the rupee uptrendOn the domestic equity market front the BSE Sensex ended 29593 points or 052 per cent higher at 5742024 while the broader NSE Nifty advanced 8250 points or 049 per cent to 1708625Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 021 per cent to 9621Brent crude futures the global oil benchmark fell 001 per cent to USD 7613 per barrelForeign institutional investors remained net sellers in the capital market on Friday as they offloaded shares worth Rs 715 crore as per exchange data PTI DRR DRR BAL BAL
