Crude oil prices decline; rupee gains 9 paise to 79.81 in early trade

25 Jul 2022 , 01:59 PM

Early on Monday, the reduction in crude oil prices helped the rupee gain 9 paise to 79.81 against the US dollar. The Indian rupee’s opening rate on the interbank foreign exchange was 79.86 to the US dollar. In the first round of trading, the local currency saw a high of 79.81 and a low of 79.87 in relation to the US dollar.

The rupee had a prior session closing value of 79.90 versus the dollar. The dollar index, which measures how strong the dollar is relative to a basket of six different currencies, decreased 0.10 % to 106.62. Brent crude futures, the benchmark for all crude oil, decreased 0.54 percent to USD 102.62 a barrel.

The 30-share Sensex was down 95.33 points, or 0.17 %, at 55,976.90 points on the domestic equities front, while the larger NSE Nifty was down 31.80 points, or 0.19 percent, at 16,687.65 points.

According to exchange statistics, foreign institutional investors were net purchasers on Friday in the capital market, buying shares worth Rs675.45 crore.