Markets

Rupee regains 11 paise against U.S. dollar amid ease in U.S.-Iran unrest

Representational image. File

Representational image. File  

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A rebound in the domestic equity markets also supported the rupee

The Indian rupee on Tuesday reclaimed some lost ground, rising 11 paise to close at 71.82 against the U.S. dollar as receding fears of a larger conflict in the Middle East helped crude oil prices ease.

Besides, a rebound in the domestic equity markets also supported the rupee.

At the interbank foreign exchange, the rupee opened on a positive note at 71.73 against the U.S. currency. During the session, the domestic currency stayed strong and swung between a low of 71.87 and a high of 71.68. It finally closed at 71.82, showing a gain of 11 paise over its previous closing.

The rupee had slipped 13 paise to 71.93 against the greenback on Monday.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.12% to 96.78.

Brent futures, the global oil benchmark, fell 0.62% to $68.48 per barrel.

On the equity market front, the BSE benchmark Sensex ended 192.84 points, or 0.47%, higher at 40,869.47. While, the broader Nifty rose 59.90 points, or 0.50%, to finish at 12,052.95.

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Printable version | Jan 21, 2020 4:35:55 AM | https://www.thehindu.com/business/markets/rupee-regains-11-paise-against-us-dollar-amid-ease-in-us-iran-unrest/article30503770.ece

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