Mizoram News Voice
Buisness

Rupee increases 3 paise to 82.81 US cents

In early trading on Tuesday, the rupee strengthened by 3 paise to 82.81 versus the US dollar, helped by foreign capital inflows and a bullish trend in local markets.
Due to the strong dollar's overall position, according to forex dealers, the rupee is trading in a constrained range.
The local unit began trading at 82.82 versus the dollar on the interbank foreign exchange before rising to 82.81, up 3 paise from its previous finish.
The rupee's closing value versus the US dollar on Monday was 82.84.
IFA Global Research Academy stated in a research note that the rupee is anticipated to trade in the 82.65-82.95 range with sideways price movement and that the Reserve Bank of India is likely to continue supporting the local currency.
The dollar index, which measures the strength of the dollar against a basket of six other currencies, increased 0.07 percent to 103.27.
The international oil benchmark, Brent crude futures, increased 0.36 percent to USD 76.26 a barrel.
The 30-share BSE Sensex rose 217.53 points or 0.35 percent to 62,181.21 on the local equities market. The NSE Nifty index as a whole dropped 83.50 points or 0.46 percent to 18,397.90.
According to exchange statistics, Foreign Institutional Investors (FIIs) were net purchasers on Monday in the capital market, buying shares worth Rs 922.89 crore.

Related posts

Business: Punjab National Bank and ICICI Bank have changed marginal cost based lending rates

“Bharat is a declaration of independence,” Jaishankar says, emphasizing the need to develop a compelling “Bharat” story

The rate for a five-year recurring deposit increased to 6.7%, but the rates for other important plans remained the same

Likely to Include Stacked Rear Camera Sensor Design in Apple iPhone 16 Series: Every Detail

Real Estate Disputes: Know the Benefits of Conciliation Benches in Every RERA

Updates on the stock market: Hero Moto Up 3%, Nifty Above 20,100, and Sensex Up 60 points