Rupee settles 7 paise higher at 76.18 on gains in domestic equities, weak dollar in overseas market
The Indian rupee rose by 7 paise to close at 76.18 (provisional) against the US dollar on Tuesday, tracking positive domestic equities and a weak American currency in the overseas market
Mumbai: The Indian rupee rose by 7 paise to close at 76.18 (provisional) against the US dollar on Tuesday, tracking positive domestic equities and a weak American currency in the overseas market.
This is the second consecutive day of gain for the rupee, during which it has appreciated by 28 paise.
At the interbank foreign exchange, the rupee opened at 76.33. During the session it touched an intra-day high of 76.14 and a low of 76.44.
The domestic unit finally settled at 76.18, registering a rise of 7 paise over its previous close.
On Monday, the local unit had settled at 76.25 against the US dollar.
Meanwhile, domestic stock exchanges were trading on a positive note with benchmark indices Sensex trading 330.07 points higher at 32,073.15 and Nifty up by 89.05 points at 9,371.35.
The dollar index, which gauges the greenback's strength against a basket of six currencies was trading 0.20 percent down at 99.84.
"Today is the USD/INR April contract expiry on exchange. This April contract had been trading 40p above OTC and though a lot of longs have been rolled over, the Open Interest in the April contract is still $2 bn. We may see buying at RBI fix today in OTC as positions get squared off on exchange," said Abhishek Goenka, Founder and CEO, IFA Global.
Already delayed by 12 months because of the pandemic, the Copa America nearly unravelled when original co-hosts Colombia and Argentina fell through at the last minute — the former because of violent anti-government protests, the latter because of a surge of COVID-19.
Los Angeles Philharmonic to return to Walt Disney Concert Hall after closure due to COVID-19 pandemic
The 2021/22 season was announced on 22 June by Music and Artistic Director Gustavo Dudamel and executives of the LA Philharmonic.
Lack of healthcare, retirement schemes leads Lebanon's elderly to struggle for basic necessities during pandemic
Lebanon is one of only 16 countries in the world with no pension scheme for private sector workers in case of old age, disability and death, according to the ILO. The national social security program covers only 30 percent of the labor force, mainly giving one-time payments at retirement, and is dangerously underfunded.