The rupee had closed at 75.07 against the US dollar in the previous session.
The rupee closed 45 paise higher at 74.62 (provisional) against the US dollar on January 31 on positive domestic equities and better risk appetite.
In the interbank forex market, the local unit strengthened against the greenback at 74.97 and witnessed an intra-day high of 74.60 and a low of 75.05. It finally closed at 74.62, which is 45 paise higher than its previous closing price.
The rupee had closed at 75.07 against the US dollar in the previous session.
Meanwhile, Finance Minister Nirmala Sitharaman presented the Economic Survey 2021-22 on January 31.
According to the Pre-Budget Economic Survey, India’s economy is expected to grow 8-8.5% in the fiscal year beginning April 1 and is well-prepared to meet future challenges due to widespread vaccine coverage, supply-side reforms and easing. Well prepared. Regulations.
This is the second consecutive session of profit for the local unit, during which it has added 47 paise against the US currency.
On the domestic equity market front, the BSE Sensex closed 813.94 points or 1.42% higher at 58,014.17, while the broader NSE Nifty jumped 237.90 points or 1.39% to end at 17,339.85.
Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.27% to 97.00.
Global oil benchmark Brent crude futures were trading 0.87% higher at $90.81 a barrel.
Foreign institutional investors were net sellers in the capital markets on Friday as they sold shares worth ₹5,045.34 crore, according to stock exchange data.
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