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Rupee rises 7 paise to 73.61 against US dollar in early trade

September 14, 2021 12:07 PM

Rupee rises 7 paise to 73.61 against US dollar in early trade
Rupee rises 7 paise to 73.61 against US dollar in early trade, Meanwhile, global oil benchmark Brent crude futures rose 0.75 % to USD 74.06 per barrel.

The Indian rupee appreciated 7 paise to 73.61 against the US dollar in opening trade on Tuesday, Rupee rises 7 paise to 73.61 against US dollar in early trade tracking a positive trend in domestic equities and sustained foreign fund inflows.

At the interbank foreign exchange, the rupee opened at 73.62 against the dollar, then edged higher to 73.61, up 7 paise over its previous close. On Monday, the rupee had settled at 73.68 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was fell 0.10 per cent at 92.58.

Also Read: Trust between govt and industry critical, says FM Nirmala Sitharaman

On the domestic macro-economic front, subdued prices of food items like vegetables pulled down retail inflation for the third month in a row to 5.3 per cent in August, within the Reserve Bank of India’s comfort zone.

Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 1,419.31 crore, as per exchange data. Rupee rises 7 paise to 73.61 against US dollar in early trade, Meanwhile, global oil benchmark Brent crude futures rose 0.75 per cent to USD 74.06 per barrel.

On the domestic equity market front, BSE Sensex was trading 244.08 points or 0.42 per cent higher at 58,421.84, while the broader NSE Nifty advanced 70.75 points or 0.41 per cent to 17,426.05.

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