Indian Rupee Versus US Dollar: Following year-end dollar selling by banks and exporters amid sluggish domestic equities, the rupee rose 29 paise to close at 74.42 against the US dollar on Thursday.
The local currency opened strong at 74.56 against the greenback on the interbank forex market, with an intra-day high of 74.38 and a low of 74.65. It eventually settled at 74.42, a 29-paise gain. The rupee had dropped one paisa to 74.71 versus the US dollar in the previous session.
Meanwhile, the BSE Sensex fell 12.17 points, or 0.02 percent, to 57,794.32, while the broader NSE Nifty down 9.65 points, or 0.06 percent, to 17,203.95 in the domestic equity market. According to exchange data, foreign institutional investors were net sellers in the capital market on Wednesday, offloading shares worth Rs. 975.23 crore.
The dollar index, which measures the strength of the greenback against a basket of six currencies, increased 0.26 percent to 96.18. The global oil benchmark, Brent crude futures, slid 0.68 percent to $ 78.69 per barrel.
Sensex closes flat, Nifty stood at 17,204 points; RBL Bank falls 9%
Institutional Investments In Real Estate Sector A Boon For Realty, Says Pankaj Bansal
Omicron warns near term economic prospects: RBI report