Rupee closes 74.76 against US Dollar

2 Feb 2022 , 04:59 PM

Indian currency settled at 74.76/$ in today’s trade, being dramatic throughout the day. After opening at existing levels of 74.75/$, it further weakened by 25 paise to trade at 75/$. 

Investors remained cautious following FM Minister’s announcement to borrow about Rs 11.6 lakh crore to meet its CAPEX requirements.

Indian equity markets remained in mixed sentiments today following the budget announcement, giving no particular edge to the Indian Currency.

Finance Minister also mentioned the launch of its digital rupee in the upcoming fiscal year through the Reserve Bank of India (RBI) which is expected to provide a significant boost to the digital economy.

From the international perspective, the US Dollar index slumped by 0.39% so far since its previous closing, at 96.01 levels. Brent Crude future was seen at $89.38 per barrel, up by $0.22 per barrel.

On the domestic front, BSE Sensex closed 696 points higher at 59,558 points against its previous closing of 58,862 points. While NSE Nifty settled at 17,780 points, gaining 203 points against its previous closing of 17,577 points.