Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence

Press Trust of India May 29, 2020 14:44:27 IST
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data

Mumbai: The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.

Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.

The rupee opened at 75.71 at the interbank forex market, gained further ground, and finally settled at 75.62, up 14 paise over its last close.

It had settled at 75.76 against the US dollar on Thursday.

On the equities front, the 30-share BSE benchmark Sensex was quoting 80.12 points up at 32,280.71 and broader Nifty rose 46.80 points to 9,536.90.

Foreign institutional investors were net buyers in the capital market, as they bought equity shares worth Rs 2,354.14 crore on Thursday, according to provisional exchange data.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.08 percent to 98.30.

Updated Date:

also read

In Spain, an elderly couple separated after the pandemic overcome grief through a glass pane
World

In Spain, an elderly couple separated after the pandemic overcome grief through a glass pane

The couple met in 1953 and got married in 1955. Except for a spell early in their marriage when he worked away from home, they always were together.

Cuban cooks take to Facebook to share ingenious culinary creations in wake of food shortage due to COVID-19 pandemic
World

Cuban cooks take to Facebook to share ingenious culinary creations in wake of food shortage due to COVID-19 pandemic

A number of Cubans, with more ingenuity than resources, help their compatriots cope with shortages exacerbated by the new coronavirus pandemic with Facebook posts of culinary creations designed around what they’re actually likely to find at the market or with government rations.

Tokyo Olympics 2020: After year ravaged by COVID-19, Satwiksairaj Rankireddy-Chirag Shetty working on Plan B
Sports

Tokyo Olympics 2020: After year ravaged by COVID-19, Satwiksairaj Rankireddy-Chirag Shetty working on Plan B

From Satwik contracting COVID-19 to Chirag Shetty losing his grandfather to the virus, the past year has been a testing time for India's top men's doubles pairing. With a new coach in Mathias Boe guiding them, the pair are looking to make an impact at Tokyo 2020 Olympics