Rupee settles 5 paise lower at 75.76 due to escalating tension between US and China
The rupee on Thursday settled 5 paise down at 75.76 against the US dollar amid escalating tension between the US and China
Mumbai: The rupee on Thursday settled 5 paise down at 75.76 against the US dollar amid escalating tension between the US and China.
Forex traders said the rupee traded in a narrow range as positive domestic equities and improving risk appetite were offset by a flare-up in US-China tensions.
At the interbank forex market, the rupee opened weak at 75.90, but pared most initial losses and finally settled at 75.76 against the US dollar, down 5 paise over its last close.
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It had settled at 75.71 against the US dollar on Wednesday.
During the session, the local unit witnessed an intra-day high of 75.69 and a low of 75.90.
On the domestic equity market front, the 30-share benchmark Sensex was quoting 437.12 points higher at 32,042.34 and the broader Nifty rose 136.30 points to 9,451.25.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.02 percent to 99.07.
Meanwhile, the US and China clashed over Hong Kong at the UN Security Council, with Washington calling a meeting over the controversial national security law introduced by Beijing to tighten its control on the former British colony.
Maharashtra's case recovery rate now stands at 97.53 percent while the fatality rate is 2.12 percent. The number of coronavirus tests conducted in the state climbed to 6,22,02,811
According to German daily Bild, Kimmich is one of five Bayern players who are unvaccinated. Kimmich says he has reservations about getting vaccinated, "especially with regard to the lack of long-term studies".
Maharashtra witnessed a dip in daily COVID-19 cases and also fatalities as compared to Sunday, when it had registered 1,715 infections and 29 deaths