Rupee rises 6 paise to 73.02 against US dollar in early trade

Rupee rises 6 paise to 73.02 against US dollar in early trade

PTIUpdated: Thursday, September 02, 2021, 10:59 AM IST
article-image
On Wednesday, the rupee had settled at 74.24 against the US dollar. |

The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows.

At the interbank foreign exchange, the rupee opened at 73.04 against the dollar, then surged higher to 73.02, up 6 paise over its previous close.

In initial deals, the local unit also touched a low of 73.10 against the American currency.

On Wednesday, the rupee had settled at 73.08 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.08 per cent at 92.52.

Foreign institutional investors were net buyers in the capital market on Wednesday as they purchased shares worth Rs 666.66 crore, as per exchange data.

On the domestic equity market front, BSE Sensex was trading 143.94 points or 0.25 per cent higher at 57,482.15, while the broader NSE Nifty advanced 40.30 points or 0.24 per cent to 17,116.55.

Meanwhile, global oil benchmark Brent crude futures fell 0.27 per cent to $71.40 per barrel

RECENT STORIES

Government Receives Bids For IDBI Bank Stake Sale: Divest Secretary Arunish Chawla
Government Receives Bids For IDBI Bank Stake Sale: Divest Secretary Arunish Chawla
Vidarbha At Core Of India’s Energy Future, Adani Group’s Commitment Is Generational: Jeet Adani...
Vidarbha At Core Of India’s Energy Future, Adani Group’s Commitment Is Generational: Jeet Adani...
US Commits $1.3 Billion To Pakistan’s Reko Diq Gold-Copper Project In Restive Balochistan
US Commits $1.3 Billion To Pakistan’s Reko Diq Gold-Copper Project In Restive Balochistan
Tata Steel Q3 Profit Jumps To ₹2,730 Crore, EBITDA Rises 39% To ₹8,199 Crore With Margin At...
Tata Steel Q3 Profit Jumps To ₹2,730 Crore, EBITDA Rises 39% To ₹8,199 Crore With Margin At...
Jana SFB Q3 Profit Falls To ₹9.7 Crore, Deposits Jump 30% To ₹33,733 Crore With Stable Asset...
Jana SFB Q3 Profit Falls To ₹9.7 Crore, Deposits Jump 30% To ₹33,733 Crore With Stable Asset...