Supply Chain Council of European Union | Scceu.org
Supply Chain Risk

Rupee surges 9 paise to 73.33 against the US dollar in early trade



The rupee appreciated by 9 paise to 73.33 against the US dollar in opening trade on Wednesday supported by sustained foreign fund inflows and weakness in the American in the overseas market.


At the interbank forex market, the domestic unit opened at 73.35 against the US dollar, then inched higher to 73.33 against the greenback, registering a rise of 9 paise over its previous close.



On Tuesday, rupee had settled at 73.42 against the US dollar.


Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.28 per cent to 89.74.


On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 55.37 points lower at 47,557.71, and the broader NSE Nifty fell 16 points to 13,916.60.


Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 2,349.53 crore on a net basis on Tuesday, according to provisional exchange data.


Brent crude futures, the global oil benchmark, rose 0.43 per cent to USD 51.31 per barrel.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Related posts

Coronavirus: US daily death count bounces back above 1,500 — as it happened

scceu

Global Plant Biostimulants Market Analysis, Trends, and Forecasts 2020-2025

scceu

GST Analytics wing to identify risky suppliers to exporters

scceu

Leave a Comment