On March 30, the rupee fell 17 paise to close at 75.90 against the US dollar
On March 30, the rupee fell 17 paise to close at 75.90 against the US dollar
The rupee rose 23 paise to 75.67 against the US dollar in the opening trade on March 31, helped by positive domestic stocks and a drop in crude oil prices.
On the interbank forex exchange, the rupee opened at 75.67 against the US dollar, up 23 paise from the previous close.
On March 30, the rupee fell 17 paise to close at 75.90 against the US dollar.
The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.14% to 97.92.
Global oil benchmark Brent crude futures fell 4.54% to $108.30 a barrel after reports emerged that US President Joe Biden is preparing to release up to 1 million barrels of oil per barrel Order tag from the country’s strategic oil reserves to control energy prices.
Meanwhile, the International Monetary Fund said on Wednesday that India has received a record number of foreign direct investments in recent years despite the COVID-19 crisis and has some safeguards in place to mitigate risks from capital flows.
On the domestic stock market front, the 30-track Sensex traded 152.24 points, or 0.26%, higher to 58,836.23, while the broader NSE Nifty rose 44.40 points, or 0.25%, to 17,542.65.
Foreign institutional investors remained net buyers in the capital market on Wednesday as they bought shares worth 1,357.47 crore, according to stock market data.
