Rupee versus Dollar: Rupee falls by 2 paise to 74.42 against USD

On Monday, the Indian rupee provisionally dropped by 2 paise to close at 74.42  against the U.S. dollar on July 26, snapping its 3-day gaining streak amid a muted trend in domestic equities. At the interbank foreign exchange market, the rupee unit opened at 74.43 against the USD and witnessed an intra-day high of 74.40 and a low of 74.52 during the session. And t finally ended the day at 74.42, down 2 paise over its last close. On July 23, the rupee had settled at 74.40 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.22 percent to 92.70. On the Indian share market, the BSE Sensex ended 123.53 points or 0.23 percent lower at 52,852.27, while the broader NSE Nifty declined 31.60 points or 0.2 percent to 15,824.45.

Meanwhile, global oil benchmark Brent crude futures declined 0.42 percent to USD 73.79 per barrel. Foreign institutional investors were net sellers in the capital market on July 23 as they offloaded shares worth Rs163.31 crore, as per exchange data.

Gold Prices: In the national capital on July 26 gained Rs.69 to Rs 46,753 per 10 gram with recovery in international precious metal prices and rupee depreciation. Silver also rallied Rs396 to Rs 66,080 per kilogram from Rs.65,684 per kilogram in the previous trade. In the international market, gold was trading with gains at USD 1,808 per ounce and silver was flat at USD25.32 per ounce.

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