Rupee Slips Below 75/USD Level In Early Trade
At the interbank foreign exchange, the rupee opened at 75.25 then lost further ground and fell to 75.26 against the US dollar, showing a decline of 38 paise over its previous closing.
PTI 22 April 2021 outlookindia.com 2021-04-22T10:59:49+05:30
The rupee opened on a weak note and fell below the 75 per US dollar level in early trade on Thursday as investors fretted over the prospects of stricter lockdown in some parts of the country amid a surge in COVID-19 cases.
Moreover, foreign fund outflows, and heavy selling in domestic equities weighed on the domestic currency.
File photo
The rupee weakened further by 6 paise to close at 74.94 (provisional) against the US dollar on Thursday as a persistent rise in COVID-19 cases and enhanced restrictions imposed by a number of states weighed on investor sentiment. At the interbank forex market, the local unit opened at 75.25 against the greenback and traded in the range of 74.82 to 75.26 during the day. The rupee finally ended at 74.94 against the American currency, registering a fall of 6 paise over its previous close.
On Tuesday, the rupee had settled at 74.88 against the American currency. Forex and equity markets were closed on Wednesday on account of Ram Navami . Meanwhile, the dollar index, which gauges the greenback s strength against a basket of six currencies, fell 0.07 percent to 91.09. India registered over 3.14 lakh new coronavirus cases in a day, the highest-ever single-day count recorded in any country, taking the total tally of COVID-19 cases in the country to 1,59,30,965.
Top gainers in the sensex pack included ICICI Bank, HDFC, Bajaj Auto, HDFC Bank, SBI and Kotak Bank. (Representative image)
NEW DELHI: Equity indices surged on Thursday with the benchmark BSE sensex rising over 350 points led by gains in banking and financial stocks.
After tumbling over 500 points in opening trade, the 30-share BSE index finally settled 375 points or 0.79 per cent higher at 48,081.
The broader NSE Nifty settled 110 points or 0.77 per cent higher at 14,406.
Top gainers in the sensex pack included ICICI Bank, HDFC, Bajaj Auto, HDFC Bank, SBI and Kotak Bank with their shares rising as much as 3.6 per cent.
Video of the procession in which none of the participants wore face masks and went viral
Rajkot: Six persons were arrested in Veraval town on Wednesday for taking out a procession on the occasion of Ram Navami, in which devotees took part without following Covid guidelines.
They also did not seek permission from the authority concerned for their venture. Video of the procession in which none of the participants wore face masks and maintained social distancing also went viral.
“We booked them under relevant sections of Indian Penal Code, Epidemic Diseases Act and arrested them immediately,” police said.
Every year, devotees carry out procession from Soni Bazaar in the coastal town on occasion of Ram Navami but this year, public functions and processions have not been banned by the government.