Currency / Indian Rupee edges 3 paise higher to close at 74.19 against the U.S. dollar

Zoom News : Aug 24, 2021, 06:03 PM

The rupee preferred with the aid of using 3 paise to shut at 74.19 (provisional) towards the U.S. dollar on August 24, supported with the aid of using a sturdy rally withinside the domestic equity marketplace. However, a sturdy dollar withinside the remote places markets and growing crude charges weighed at the investor sentiment, the Forex market buyers said.


At the interbank forex market, the nearby unit opened sturdy at 74.12 towards the dollar and moved in several 74.11 to 74.20 withinside the day trade.


It sooner or later ended at 74.19 towards the American currency, registering an upward push of 3 paise over its preceding near of 74.22. On the home fairness marketplace front, the BSE Sensex ended 403.19 factors or 0.73% better at 55,958.98, whilst the wider NSE Nifty superior 128.15 factors or 0.78% to 16,624.60.


Meanwhile, the greenback index, which gauges the dollar's electricity towards a basket of six currencies, rose 0.07% to 93.04. Brent crude futures, the worldwide oil benchmark, multiplied 1.34% to $69.67 according to the barrel.


Foreign institutional traders remained internet dealers withinside the capital marketplace on Monday as they offloaded stocks worth ₹1,363.36 crores, in line with the trade data.

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