Rupee gained 10 paise to close at 82.71/ $, yesterday

2 Nov 2022 , 09:33 AM

On Tuesday, the rupee strengthened 10 paise to settle at 82.71 (provisional) against the US dollar after the dollar dropped from its high points. The local currency started out at the interbank foreign exchange market at 82.74 and fluctuated between a high of 82.59 and a low of 82.79.

It ultimately finished at 82.71 against the US dollar, up 10 paise from its previous close and in line with the upward trend in local stocks. The currency ended the trading day on Monday 34 paise down at 82.81. While this was happening, the dollar index, which measures the strength of the dollar against a basket of six different currencies, fell to 110.98, down 0.49 %.

Benchmark Brent crude futures for world oil increased 1.42 % to USD 94.13 a barrel. The 30-share BSE Sensex ended the day up 374.76 points, or 0.62 %, to close at 61,121.35, while the larger NSE Nifty increased 133.20 points, or 0.74 %, to 18,145.40.

According to exchange data, Foreign Institutional Investors (FIIs) purchased shares worth Rs4,178.61 crore on Monday, making them net purchasers in the capital markets. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) increased from 55.1 in September to 55.3 in October after being seasonally adjusted.

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