February 26, 2021

Rupee settles on a flat observe, up 2 paise at 76.14 in opposition to US greenback – enterprise information

The rupee settled on a flat observe, registering an increase of simply 2 paise to 76.14 (provisional) in opposition to the US greenback on Thursday, monitoring weak US greenback and positive aspects within the home fairness market.

Foreign exchange merchants stated rupee was buying and selling in a slender vary as constructive home equities and weak US forex supported the native unit, whereas rising coronavirus instances, border pressure with China and international fund outflows capped the positive aspects.

The rupee opened at 76.17 in opposition to the US greenback, and eventually settled for the day at 76.14 in opposition to the US greenback, up 2 paise over its earlier shut.

It had settled at 76.16 in opposition to the dollar on Wednesday.

Throughout the four-hour buying and selling session, the rupee noticed an intra-day excessive of 76.08 and a low of 76.19 in opposition to the US greenback.

In the meantime, the greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, fell 0.05 per cent to 97.10.

The 30-share BSE benchmark Sensex was buying and selling 550 factors greater at 34,057.92 and broader NSE Nifty rose 167.85 factors to 10,049.

International institutional traders have been web sellers within the capital market as they bought shares price Rs 486.62 crore on Wednesday, in accordance with provisional change knowledge.

Brent crude futures, the worldwide oil benchmark, rose 0.42 per cent to USD 40.88 per barrel.