Rupee settles 11 paise higher at 73.31 against US dollar

At the interbank forex market, the domestic unit opened at 73.35 against the US dollar and witnessed an intra-day high of 73.26 and a low of 73.36.

December 30, 2020 / 04:21 PM IST
Source: Pixabay

Source: Pixabay

Rising for the fifth straight session, the rupee appreciated by 11 paise to close at 73.31 against the US dollar on Wednesday, supported by positive domestic equities and unabated foreign fund inflows.

A weaker greenback in the overseas markets also supported the rupee, forex dealers said.

At the interbank forex market, the domestic unit opened at 73.35 against the US dollar and witnessed an intra-day high of 73.26 and a low of 73.36.

The local unit finally settled at 73.31, registering a rise of 11 paise over its previous close.

On Tuesday, the rupee had settled at 73.42 against the American currency.

Close

In the last five trading sessions, the Indian rupee has gained 53 paise.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.21 percent to 89.80.

On the domestic equity market front, the BSE Sensex ended 133.14 points or 0.28 percent higher at 47,746.22, while the broader NSE Nifty jumped 49.35 points or 0.35 percent to 13,981.95.

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

Brent crude futures, the global oil benchmark, rose 0.80 percent to USD 51.50 per barrel.
PTI
TAGS: #Rupee
first published: Dec 30, 2020 04:21 pm

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