Mumbai: The rupee appreciated by 11 paise to settle at 74.91 (provisional) towards the US greenback on Monday, monitoring optimistic home equities and weak American foreign money. On the interbank foreign exchange market, the rupee opened at 74.92 towards the dollar, and touched a excessive of 74.89 and low of 75.03 through the session. It lastly closed for the day at 74.91 towards the American foreign money, up 11 paise over its earlier shut.
The home foreign money had settled at 75.02 towards the US greenback on Friday. Foreign exchange merchants stated optimistic opening in home equities, weak American foreign money and international fund inflows supported the rupee. Nonetheless, rising COVID-19 instances weighed on the native unit, they added.
The greenback index, which gauges the dollar’s power towards a basket of six currencies, fell 0.13 per cent to 95.81. On the home fairness market entrance, the 30-share BSE benchmark Sensex was buying and selling 415.16 factors larger at 37,435.30, and the broader NSE Nifty rose 119.70 factors to 11,021.40.
Overseas institutional traders had been web patrons within the capital market as they bought shares value Rs 697.08 crore on Friday, in line with provisional change information.
Brent crude futures, the worldwide oil benchmark, fell 0.60 per cent to $42.88 per barrel.
— to telanganatoday.com