On March 30, the rupee had declined by 17 paise to close at 75.90 against the US dollar.
On March 30, the rupee had declined by 17 paise to close at 75.90 against the US dollar.
The rupee rose 23 paise to 75.67 against the US dollar in early trade on March 31, led by positive domestic equities and fall in crude oil prices.
At the interbank foreign exchange, the rupee opened at 75.67 against the US dollar, registering a gain of 23 paise from its previous close.
On March 30, the rupee had lost 17 paise to close at 75.90 against the US dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.14% to 97.92.
Global oil benchmark Brent crude futures fell 4.54% to $108.30 a barrel after reports emerged that US President Joe Biden is planning to release up to 1 million barrels per day of oil from the country’s Strategic Petroleum Reserve to control energy prices. Preparing to place orders.
In the meantime, Iinternational monetary fund India on Wednesday said India has received record foreign direct investment during the past few years despite the COVID-19 crisis, and has put in place certain safeguards to mitigate risks from capital inflows.
Feather domestic equity market Up front, the 30-share Sensex was trading 152.24 points or 0.26% higher at 58,836.23, while the broader NSE Nifty rose 44.40 points or 0.25% to 17,542.65.
Foreign institutional investors remained net buyers in the capital markets on Wednesday as they bought shares worth Rs 1,357.47 crore, according to stock exchange data.