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The Indian rupee closed flat against the US dollar today, ending at 75.20 per US dollar as in comparison with earlier shut of 75.21. Forex merchants mentioned optimistic home equities and weak US forex supported the native unit, whereas international fund outflows and considerations over rising COVID-19 circumstances weighed on investor sentiment.
Today rupee traded in a slender vary of 75.08 to 75.22.
“Rupee traded in a very tight muted range between 75.20-75.10 as market participant await OPEC+ Oil supply decisions in coming days. FII’s funds were also neutral as equity markets traded higher in morning but gave away some gains,” mentioned Jateen Trivedi, Senior Research Analyst (Commodity & Currency) at LKP Securities.
Meanwhile, the dollar index, which gauges the dollar’s power against a basket of six currencies, fell 0.11 per cent to 96.50.
The 30-share BSE benchmark Sensex ended higher today however off day’s highs.
Foreign institutional buyers had been web sellers within the capital endmarket as they bought shares price ₹1,031 crore on Friday, in accordance with provisional alternate information.
Brent crude futures, the worldwide oil benchmark, fell 0.72 per cent to USD 42.93 per barrel.
Meanwhile, the variety of circumstances around the globe linked to the illness has crossed 1.28 crore and the dying toll has topped 5.68 lakh.
In India, the dying toll as a result of COVID-19 rose to 23,174 and the variety of infections spiked to eight,78,254, in accordance with the well being ministry. (With Agency Inputs)
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