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Rupee: Rupee zooms 65 paise to close at 72 72 against US dollar

Rupee zooms 65 paise to close at 72 72 against US dollar - The Hindu BusinessLine

Rupee zooms 65 paise to close at 72 72 against US dollar - The Hindu BusinessLine
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Rupee Vs Dollar Today: Rupee Surges 65 Paise To Settle At 72 72 Against The Dollar

Rupee Vs Dollar Today: Rupee settled at 72.72 against the American currency The rupee gained 65 paise against the US dollar on Wednesday, March 3, to settle at 72.72 (provisional) tracking positive domestic equities led by Reliance Industries, and weakness in the American dollar. At the interbank foreign exchange market, the domestic unit opened at 73.26 against the dollar and registered an intra-day high of 72.71. It witnessed a low of 73.26. In an early trade session, the local unit gained 22 paise to 73.15 against the greenback. The rupee settled at 72.72 against the American currency, witnessing a rise of 65 paise over its previous closing. On Tuesday, March 2, the local unit had settled at 73.37 against the dollar.

Rupee logs best single-day gain in 6 months on forex inflows, stocks rally

The rupee on Wednesday surged by 65 paise its biggest single day spike since September 2020 to end at 72.72 against the US dollar on the back of weakness in the American dollar and rise in risk appetite in the global markets. A rally in domestic equities, foreign fund inflows and positive macro data also boosted the rupee sentiment. The US dollar weakened in the global markets as as investors took heart from an easing in bond yields that has alleviated worries over possible interest rate hikes. At the interbank forex market, the local unit opened at 73.26 against the greenback and witnessed an intra-day high of 72.71 and a low of 73.26.

Rupee: Rupee surges 16 paise to close at 72 49 against US dollar

MUMBAI: The rupee gained 16 paise to settle at 72.49 (provisional) against the US dollar on Monday supported by sustained foreign fund inflows and expectation of improved macro-economic data. At the interbank forex market, the local unit opened at 72.58 against the greenback and witnessed an intra-day high of 72.29 and a low of 72.58. It finally ended at 72.49 against the American currency, registering a rise of 16 paise from its previous close. On Thursday, the rupee had settled at 72.65 against the American currency. The forex market was shut on Friday on account of Chhatrapati Shivaji Maharaj Jayanti. Meanwhile, the dollar index, which gauges the greenback s strength against a basket of six currencies, advanced 0.04 per cent to 90.40.

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