Rupee rises 2 paise to 84.40 against U.S. dollar in early trade

On Monday, the rupee bounced backmost from a debased of 84.46, settling 4 paise higher astatine 84.42 against the U.S. dollar. File | Photo Credit: NAGARA GOPAL

The rupee roseate 2 paise to 84.40 against the U.S. dollar successful aboriginal commercialized connected Tuesday (November 19, 2024) amid a betterment successful home equity markets and a weaker American currency against large Asian rivals.

Forex traders said, however, sustained outflow of overseas funds and an upward question successful crude lipid prices enactment unit connected the section portion and capped its crisp gain.

At the interbank overseas exchange, the rupee opened astatine 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its erstwhile close.

On Monday (November 18, 2024), the rupee recovered from its lowest level of 84.46 to settee 4 paise higher astatine 84.42 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s spot against a handbasket of six currencies, was trading little by 0.09% astatine 106.10.

Brent crude, the planetary lipid benchmark, roseate by 0.19% to $73.44 per tube successful futures trade.

On the home equity marketplace front, Sensex was trading 271.42 points, oregon 0.35% higher, astatine 77,610.43 points. The Nifty precocious 105.55 points, oregon 0.45%, to 23,559.35 points.

Foreign Institutional Investors (FIIs) were nett sellers successful the superior markets connected Monday (November 18, 2024), arsenic they offloaded shares worthy ₹1,403.40 crore, according to speech data.

Published - November 19, 2024 11:20 americium IST