Test : Rupees closes at 81.53 against US dollar amid heavy selling pressure
Test : On the another day, the rupee had slipped 2 paise against the US dollar
 "mutual funds")
Illustration: Binay Sinha
The rupee appreciated 8 paise to close at 81.53 (provisional) against the US dollar on Friday amid a firm American currency against major rivals overseas.
However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said.
At the interbank foreign exchange market, the rupee opened stronger at 81.51 to a dollar. The local unit moved in the range of 81.50 to 81.67 during the day.
It finally settled at 81.53, a rise of 8 paise against the previous close of 81.61.
On Wednesday, the rupee had slipped 2 paise against the US dollar.
The currency markets were closed on Thursday on account of Republic Day.
Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 101.82 after positive macroeconomic data released by the US government on Thursday.
Brent crude was trading 1.19 per cent higher at USD 88.51 per barrel.
On the domestic equity market front, the 30-share BSE Sensex tanked 874.16 points or 1.45 per cent to end at 59,330.90. Similarly, the broader NSE Nifty declined 287.60 points or 1.61 per cent to 17,604.35.
Foreign Institutional Investors (FIIs) remained net sellers in the capital market on Wednesday as they sold shares worth Rs 2,393.94 crore, according to exchange data.
10:46 AM![]()
Second Post today
Second Post today
10:36 AM![]()
Test first post today
Test First post today 25-05-2023
10:36 AM![]()
Test first post today
Test First post today 25-05-2023
8:07 PM![]()
Hon'ble Finance Minister, Smt Nirmala Sitharaman
Smt Nirmala Sitharaman
3:32 PM![]()
Market Check:: Sensex sinks almost 2,000 pts from day's high in intra-day deals
The BSE benchmark index had rallied to a high of 60,773 during the Budget annoucement. However, heavy selling in the last one-hour of trades saw the Sensex slide to a low of 58,817 - down 1,956 points from the day's high.
The Sensex had recouped losses and was almost flat.
The Sensex had recouped losses and was almost flat.
BSE
3:28 PM
![]()
Shashi Tharoor
Photo: ANI Twitter
3:27 PM
![]()
FM Minister india 1
Finance Minister Nirmala Sitharaman will be presenting her fifth Budget
3:27 PM
![]()
FM Minister india
Finance Minister Nirmala Sitharaman will be presenting her fifth Budget
8:24 PM![]()
own a mouse, you will never turn off
8:23 PM![]()
Aajtak kirkiri
Maine Aajtak ko apne entertainment channel list me add karliya hai
8:07 PM![]()
EV market likely to cross 10-mn sales mark per annum by 2030: Eco Survey
The pre-Budget document also highlighted that the automobile sector is a key driver of India's economic growth
8:06 PM![]()
Disinvestment proceeds of Rs 4.07 trn realised in last 9 years: Eco Survey
The Survey said that determined efforts should be taken to make the public sector asset monetisation scheme successful in realising wide-ranging efficiency gains
7:24 PM![]()
undying passion, became our foundation of trust, your trust
7:23 PM![]()
Adani Scam
5:44 PM![]()
CPP Investments anchors new IndoSpace fund with $205 mn investment
Investment will add an additional 25-30 million square feet to real estate firm's portfolio
Topics : Story
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 05 2020 | 12:34 PM IST
