Rupee rises 7 paise to close at 82.81 against U.S. dollar

At the interbank foreign exchange market, the rupee opened at 82.71 and witnessed a high of 82.62 and a low of 82.81

October 25, 2022 05:21 pm | Updated 05:21 pm IST - Mumbai

Image for representation purpose only.

Image for representation purpose only. | Photo Credit: V. Sudershan

The rupee appreciated 7 paise to close at 82.81 (provisional) against the U.S. dollar on October 25, as easing crude oil prices buoyed investor sentiments.

At the interbank foreign exchange market, the local currency opened at 82.71 and witnessed a high of 82.62 and a low of 82.81.

It finally settled at 82.81 against the American currency, registering a rise of 7 paise over its previous close.

In the previous session on October 21, the rupee had slipped 9 paise to close at 82.88 against the dollar.

The Forex market was closed on October 24 on account of Diwali.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was quoted at 111.98.

Global oil benchmark Brent crude futures fell 1.59% to $91.78 per barrel.

On the domestic equity market front, the 30-share BSE Sensex fell 287.70 points or 0.48% to end at 59,543.96, while the broader NSE Nifty declined 74.40 points or 0.42% to 17,656.35.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets as they offloaded shares worth ₹153.89 crore on October 24, according to exchange data.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.