Rupee surges 18 paise to close at 76.43 against U.S. dollar
The Hindu
On Thursday, the rupee had settled at 76.61 against the U.S. currency.
The rupee appreciated 18 paise to settle at 76.43 (provisional) against the U.S. dollar on Friday, tracking a weak greenback overseas and fresh foreign fund inflows.
At the interbank forex market, the domestic unit opened at 76.62 against the U.S. dollar. It moved in the range of 76.63 to 76.29 during the day trade.
The rupee finally closed at 76.43, registering a rise of 18 paise over its previous close.
On Thursday, the rupee had settled at 76.61 against the U.S. currency.
According to HDFC Securities Research Analyst Dilip Parmar, the rupee appreciated on the expectation of better inflows, a retreat in the dollar index and a rebound in risk assets.
"Market participants are expecting good inflows in LIC IPO after the recent oversubscription of Campus Activewear," Mr. Parmar said.
Moreover, the rupee has shown resilience among Asian currencies on the back of Central Bank intervention and inflows, he said.
On World Fisheries Day, India launches projects for marine and inland aquaculture, aiming to transform the fisheries sector and blue economy.
Lokayukta police raid uncovers ₹26.6 crore in assets from government officials in Karnataka, leading to investigations and cases filed.
Court boycott by advocates in Tamil Nadu demands Advocates Protection Bill for safety, affecting litigants from remote villages.
Army faces allegations of harassment and torture in Kishtwar, Jammu; probe ordered, sparking concerns over human rights violations.
Karnataka’s software and services exports crossed ₹4.11 lakh crore during fiscal 2023-24 (March 2024) from ₹3.2 lakh crore a year ago, marking a 27% year-on-year growth, Minister for IT&BT, Priyank Kharge, said here on Thursday quoting Software Technology Parks of India (STPI) data.
Continuous rainfall in Thoothukudi has caused severe hardship for residents as rainwater has inundated several areas. Efforts to drain stagnant water in the city have been intensified
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.
Legislative Assembly Speaker U.T. Khader officially launched the operations of Namma Yatri, Bengaluru-based mobility app dedicated to empowering drivers, in Mangaluru.
NCCP(I) and ICS urge Union Government to reinstate respiratory medicine in MBBS curriculum for public health impact.
Singer Sunitha Upadrasta's debut performance in Visakhapatnam on December 6 at MGM Park, sharing insights into her illustrious music career.
10th edition of India Photo Festival begins in Hyderabad