Indian Rupee strengthens 19 paise to close at 72.77 against USD
Indian Rupee strengthens 19 paise to close at 72.77 against USD

The Indian rupee surged by 19 paise to end provisionally at 72.77 against the US dollar on Tuesday, tracking slackens in the American currency in the overseas market. At the interbank forex market, the local unit opened at 72.85 against the Dollar and witnessed an intra-day high of 72.75 and a low of 72.87. It finally ended at 72.77 against the US dollar registering a rise of 19 paise over its previous close.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.26 percent to 89.61.

On the commodity front, Brent crude futures, the global oil benchmark, fell 0.50 per cent to USD 68.12 per barrel.

On the Indian equity market front, the BSE Sensex ended 14.37 points or 0.03 percent lower at 50,637.53, while the broader NSE Nifty advanced 10.75 points or 0.07 percent to 15,208.45. As per stock exchange data, Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 585.36 crore.

The single-day rise in new coronavirus infections in the country fell below 2-lakh, taking the total tally of COVID-19 cases to 2,69,48,874, while the death toll rose to 3,07,231, according to the Union Health Ministry data updated on Tuesday.

Markets: High commodity prices may not dent Nifty FY22 earnings

Cabinet approves creation of post of director at NDRF academy, Nagpur

Finance Ministry plans stimulus package for sectors hit by second Covid wave: Report




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