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Within the face of a sluggish development in home shares and ongoing overseas capital outflows, the rupee erased earlier features to settle simply 1 paisa greater at 78.09 (provisional) in opposition to the US greenback on Friday.
PTI
June 17, 2022 / 04:26 PM IST
(Consultant picture)
The rupee pared preliminary features to settle simply 1 paisa greater at 78.09 (provisional) in opposition to the US greenback on Friday amid a muted development in home equities and unabated overseas capital outflows. A powerful greenback abroad and better crude costs additionally saved the home unit underneath strain, foreign exchange sellers stated.
On the interbank foreign exchange market, the rupee opened robust at 78.03 in opposition to the buck and witnessed an intra-day excessive of 78.02 and a low of 78.09. It lastly ended at 78.09, registering a achieve of 1 paisa over its earlier shut of 78.10.
The greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, climbed 0.71 per cent to 104.37. Brent crude futures, the worldwide oil benchmark, spurted 0.96 per cent to USD 120.96 per barrel.
On the home fairness market entrance, the BSE Sensex ended 135.37 factors or 0.26 per cent decrease at 51,360.42, whereas the broader NSE Nifty fell 67.10 factors or 0.44 per cent to fifteen,293.50. International institutional buyers had been internet sellers within the capital market on Thursday as they offloaded shares value Rs 3,257.65 crore, as per trade information.
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