Rupee gains 1 paisa to 84.06 against U.S. dollar in early trade

File. | Photo Credit: C. Venkatachalapathy

The rupee showed a betterment from its little level and gained marginally by 1 paisa to 84.06 against the U.S. dollar successful aboriginal commercialized connected Monday (October 21, 2024), tracking affirmative cues from home equity markets and a brushed American currency.

However, sustained outflow of overseas funds and an upward momentum successful the crude lipid prices weighed connected the section unit, forex traders said.

At the interbank overseas exchange, the rupee opened astatine 84.06 against the greenback and stayed astir level successful aboriginal deals, trading 1 paisa higher from its erstwhile close.

On Friday, the rupee slipped 1 paisa to adjacent astatine 84.07 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was down by 0.05%to 103.25.

Brent crude, the planetary benchmark, precocious 0.33% to $73.30 per tube successful futures trade.

On the home equity marketplace front, Sensex surged 457.90 points, oregon 0.56%, to 81,682.65 points. The Nifty besides climbed 97.70 points, oregon 0.39%, to 24,951.75 points.

Foreign organization investors (FIIs) were nett sellers successful the superior markets connected Friday, arsenic they offloaded shares worthy ₹5,485.70 crore, according to speech data.

According to RBI information released connected Friday, India's forex reserves declined by $10.746 cardinal to $690.43 cardinal for the week ended October 11. In the preceding week, the reserves had dropped by $3.709 cardinal to $701.176 billion.

Published - October 21, 2024 10:32 americium IST