On Wednesday, August 9, the rupee rose against the US dollar. Today the price increased by Rs 5 and closed at Rs 82.86 (provisionally). Currency analysts said foreign capital outflows and rising oil prices in the international markets limited the rupee’s gains. Apart from this, today the rupee opened stronger against the dollar. Read the full news.
The rupee strengthened against the US dollar on Wednesday, 9 August. Today, the rupee gained 5 paise to close at 82.86 (provisional). According to forex analysts, foreign capital outflow and rising crude oil prices in the international markets limited the rupee’s gains.
Investors were cautious ahead of RBI’s MPC decision Investors were trading cautiously ahead of US inflation data to be released on Thursday and RBI’s monetary policy decision. The Reserve Bank’s rate-setting panel MPC began its three-day review meeting on Tuesday i.e. 8 August. Let us tell you that on Tuesday, the rupee had closed at a low of more than 8 months at 82.91 against the dollar.
Rupee opened strong at 82.83 at the Interbank Foreign Exchange and finally settled at 82.86 (provisional) against the dollar, registering a gain of 5 paise over its previous close.
During the intra-day, the rupee touched a high of 82.80 and touched a low of 82.86 against the dollar. Anuj Chowdhary, research analyst at Sharekhan by BNP Paribas, said that
Dollar index strengthened Meanwhile, the dollar index, which gauges the dollar’s strength against six currencies, declined 0.11 per cent to 102.42. Global oil benchmark Brent crude rose 0.75 per cent to USD 86.82 per barrel.
How was the market today On the domestic equity market front, the 30-share BSE Sensex closed at 65,995.81, up 149.31 points or 0.23 per cent. The broader NSE Nifty settled 61.70 points, or 0.32 per cent, higher at 19,632.55. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 711.34 crore in the capital market on Tuesday.
