Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Rupee falls 30 paise to 82.77 against dollar

by Index Investing News
October 31, 2022
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


The rupee pared its initial gains and settled 31 paise lower at 82.78 (provisional) against the US dollar on Monday, tracking the strength of the American currency in the overseas market.

At the interbank foreign exchange market, the local unit opened at 82.35 and witnessed a high of 82.32 and a low of 82.80.

It finally settled at 82.78 against the American currency, registering a fall of 31 paise over its last close of 82.47.

The Indian rupee depreciated on Monday amid strength in the US dollar. However, positive domestic equities and weak crude oil prices cushioned the downside, said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.

Moreover, inflows by foreign investors supported the rupee at lower levels.

“We expect the rupee to trade with a negative bias amid strong US dollar amid increasing odds of an aggressive rate hike by the Fed on Wednesday. Some recovery in crude oil prices may also weigh on Rupee,” Choudhary added.

Traders may remain cautious ahead of manufacturing PMI and trade deficit data, which is expected to be released on Tuesday, Choudhary said, adding, “We expect USD-INR spot price to trade in the range of 81.80 and 83.30 in the next couple of sessions.”

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.28 per cent to 111.05.

Global oil benchmark Brent crude futures slipped 0.93 per cent to USD 94.88 per barrel.

On the domestic equity market front, the 30-share BSE Sensex rose 786.74 points or 1.31 per cent to end at 60,746.59, while the broader NSE Nifty advanced 225.40 points or 1.27 per cent to 18,012.20.

Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 1,568.75 crore, according to exchange data.



Source link

Tags: DollarFallspaiseRupee
ShareTweetShareShare
Previous Post

Hillwood Kickstarts 1 MSF Industrial Project in Illinois – Commercial Property Executive

Next Post

China’s economic game of dominoes

Related Posts

Junk bonds: CCC vs B unfold provides a warning signal for debt

Junk bonds: CCC vs B unfold provides a warning signal for debt

by Index Investing News
May 25, 2025
0

© 2025 Fortune Media IP Restricted. All Rights Reserved. Use of this web site constitutes acceptance of our Phrases of...

COVID-19 Information: Most instances in TN, Kerala, Karnataka, Maharashtra delicate, underneath house care, say sources

COVID-19 Information: Most instances in TN, Kerala, Karnataka, Maharashtra delicate, underneath house care, say sources

by Index Investing News
May 25, 2025
0

After the detection of COVID-19 instances in few southern and western states, the Union Well being Secretary was realized to...

Musk Vows to be ‘Tremendous Centered’ on Corporations Amid X Outages

Musk Vows to be ‘Tremendous Centered’ on Corporations Amid X Outages

by Index Investing News
May 24, 2025
0

Billionaire Elon Musk stated he must be “tremendous targeted” on his corporations, pointing to points at X as proof of...

Dow Jones, S&P 500, Nasdaq Composite: Bond tantrums put Trump on discover, once more

Dow Jones, S&P 500, Nasdaq Composite: Bond tantrums put Trump on discover, once more

by Index Investing News
May 24, 2025
0

US President Donald Trump | Picture Credit score: Eduardo Munoz Was US President Donald Trump’s U-turn to escalate the commerce...

Reasonably bullish exercise in AMC Leisure with shares down 0.46%

Reasonably bullish exercise in AMC Leisure with shares down 0.46%

by Index Investing News
May 24, 2025
0

Reasonably bullish exercise in AMC Leisure (AMC), with shares down 2c close to $3.23.Choices quantity almost triple the day by...

Next Post
China’s economic game of dominoes

China’s economic game of dominoes

Kylie Jenner Showed Off Her Newest Halloween Outfit, A Bride Of Frankenstein Getup, In A Dramatic Photo Op

Kylie Jenner Showed Off Her Newest Halloween Outfit, A Bride Of Frankenstein Getup, In A Dramatic Photo Op

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Cardinal, Solana’s NFT Protocol, To Cease Operations In Coming Months

Cardinal, Solana’s NFT Protocol, To Cease Operations In Coming Months

June 30, 2023
BoE Asks Bernanke To Review Economic Forecast

BoE Asks Bernanke To Review Economic Forecast

August 8, 2023
Multi-Directional Financial Data Flow Between Institutions and Customers

Multi-Directional Financial Data Flow Between Institutions and Customers

May 25, 2023
Uncertainty only increases for CRE market

Uncertainty only increases for CRE market

October 28, 2022
Transcript: Jawad Mian – The Big Picture

Transcript: Jawad Mian – The Big Picture

July 25, 2023
Bre Tiesi Thinks Nick Cannon Has ‘Super Sperm’ – Because Their 10-Month-Old Son Is Already ‘Brilliant’!

Bre Tiesi Thinks Nick Cannon Has ‘Super Sperm’ – Because Their 10-Month-Old Son Is Already ‘Brilliant’!

May 22, 2023
How business doctorates can deliver real-world change

How business doctorates can deliver real-world change

July 5, 2023
Victor Wembanyama Picked No. 1 Overall by Spurs in 2023 NBA Draft

Victor Wembanyama Picked No. 1 Overall by Spurs in 2023 NBA Draft

June 23, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In