The rupee on Wednesday closed 22 paise higher at 74.91 (provisional) against the US dollar as positive domestic equities and a weak US currency in overseas markets boosted investor sentiment.
In the interbank forex market, the domestic unit opened at 74.96 against the greenback and witnessed intra-day high of 74.79 and low of 75.02 during the day’s trade. It finally closed at 74.91 per dollar.
The rupee fell by 6 paise to close at 75.13 against the US dollar on Tuesday new covid version on the economy.
The rupee has been under pressure in the last few trading sessions, as the detection of a new coronavirus pandemic re-ignited growth concerns and hurt risk appetite.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, declined 0.03% to 95.96.
Global oil benchmark Brent crude futures jumped 4.75% to $72.52 a barrel.
On the domestic equity market front, the BSE Sensex closed 619.92 points or 1.09% higher at 57,684.79, while the broader NSE Nifty jumped 183.70 points or 1.08% to end at 17,166.90.
Foreign institutional investors were net sellers in the capital markets on Tuesday as they sold shares worth ₹5,445.25 crore, according to exchange data.
On the macro-economic front, India’s GDP grew A better-than-expected 8.4% in the July-September quarter to surpass pre-pandemic levels.
of central government Fiscal deficit The revenue collection stood at 36.3% of the budget estimate at the end of October 2021 on the back of an improvement.
,