Rupee rises 6 paise to close at 73.12 against the US dollar

The rupee stood at 73.18 against the US dollar on Wednesday

The rupee strengthened 6 points to end at 73.12 (provisional) against the US dollar on Thursday, following the weakness of the US dollar in the overseas market.

In the interbank forex market, the local unit opened at 73.16 against the greenback and saw an intraday high of 73.09 and a low of 73.17.

It ultimately ended at 73.12 against the US dollar, registering a 6 pea increase from its previous close. On Wednesday, the rupee stood at 73.18 against the US dollar.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.09% to 90.10. Futures contracts on Brent, the world’s benchmark for oil, fell 1.91% to $ 65.39 a barrel.

On the domestic stock market front, the BSE Sensex finished 337.78 points or 0.68% lower to 49,564.86, while the larger NSE Nifty fell 124.10 points or 0.83% to 14,906.05.

Foreign institutional investors were net sellers in the capital market on Wednesday offloading shares worth ₹ 697.75 crore, according to exchange data.

Meanwhile, with 2,76,110 new coronavirus infections reported in one day, the total COVID-19 cases in India rose to 2,57,72,440, while daily deaths were recorded below 4,000 after four days, bringing the balance to 2.87.122. , according to data from the Union Health Ministry updated Thursday.

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