• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

Rupee sees high volatility; rises marginally to 73.46/USD in early trade

Juliet Woodard by Juliet Woodard
September 4, 2020
Home Business
Share on FacebookShare on Twitter

Forex traders said heavy selling in domestic equity markets and a rebound in American currency weighed on the rupee.

The rupee witnessed high volatility in opening session on Friday amid heavy selling in domestic equities and a rebound in the American currency. At the interbank forex market, the domestic unit opened on a strong note at 73.38 against the U.S. dollar, then gained further to quote at 73.35. The local unit, however, pared the initial gains and was trading at 73.46, up by just 1 paisa over its previous close. On Thursday, the rupee slumped 44 paise to close at 73.47 against the U.S. dollar as rise in demand for the American currency from oil importers weighed on currency market sentiment. Forex traders said heavy selling in domestic equity markets and a rebound in American currency weighed on the rupee. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.04% to 92.77. On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 464.61 points lower at 38,526.33, and the broader NSE Nifty fell 130.30 points to 11,397.15. Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹7.72 crore on Thursday, according to exchange data. Brent crude futures, the global oil benchmark, fell 0.93% to USD 43.66 per barrel.

You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper
Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages
Move smoothly between articles as our pages load instantly.

Unlimited Access
Enjoy reading as many articles as you wish without any limitations.

Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations
A select list of articles that match your interests and tastes.

Briefing
We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath

Tags: dollarforex todayrupeerupee vs dollar
Juliet Woodard

Juliet Woodard

Next Post
iPhone 12 Pro Max Specifications Surface in Detail, Price Could Be Identical to iPhone 11 Pro Max

iPhone 12 Pro Max to Be the Only 2020 iPhone Model With Faster mmWave 5G Connectivity: Report

Leave a Reply Cancel reply

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

Recommended.

External debt declines to $554.5 billion at end-June 2020

External debt declines to $554.5 billion at end-June 2020

September 30, 2020
Save tax with the Sheltering Principle

Save tax with the Sheltering Principle

October 5, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Call of the mall – The Hindu

Call of the mall – The Hindu

October 16, 2020
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020
Should You Consider A Career As An Apartment Lease-Up Specialist?

Should You Consider A Career As An Apartment Lease-Up Specialist?

February 4, 2021
Webinar on weather and its impact on business on November 19

Webinar on weather and its impact on business on November 19

November 16, 2020

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Sellers, Price Right Or Prepare To Wait

Sellers, Price Right Or Prepare To Wait

March 3, 2021
Housing Affordability Inches Down, Despite Record-Low Mortgage Rates

Mortgage Rates Hit Highest Point Since Last July; Will They Keep Rising?

March 3, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.