Categories: Business

Rupee drops 6 paise to close at 83.64 against U.S. dollar

At the interbank foreign exchange, the local unit opened slightly weak at 83.66 against the American currency. File
| Photo Credit: India Press

The rupee depreciated by 6 paise to settle at 83.64 (provisional) against the U.S. dollar on Thursday (September 26, 2024), dragged by sustained foreign fund outflows.

“However, a decline in global crude prices and a firm trend in domestic equities restricted the rupee losses,” forex traders said.

At the interbank foreign exchange, the local unit opened slightly weak at 83.66 against the American currency. During the session, it dropped 13 paise to touch 83.71.

However, the local unit recovered some lost ground to settle at 83.64, a decline of 6 paise against its previous close.

On Tuesday (September 24, 2024), the rupee closed at 83.58 against the American currency.

On the domestic equity markets front, the Sensex climbed 666.25 points to settle at an all-time high of 85,836.12, while the Nifty rallied 211.90 points to hit a record of 26,216.05.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, declined 0.14% to 100.48.

Brent crude, the international benchmark, fell 1.51% to 72.35 in futures trade.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday (September 25, 2024), offloading shares worth ₹973.94 crore, according to exchange data.

News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

2 weeks ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

2 weeks ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

2 weeks ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

2 weeks ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

2 weeks ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

2 weeks ago