iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Rupee gains 23 paise against US Dollar tracking domestic equities

29 Mar 2022 , 11:50 AM

The Indian rupee gained against the US dollar in the early morning trade on Tuesday, amid a positive trend in domestic equities and softening global crude oil prices. Besides, weak American currency in the overseas market also pushed the domestic currency.

At the interbank foreign exchange, the rupee opened higher by 75.97 against the US dollar and rose further ground to quote at 75.93/$, a rise of 23 paise over the previous close.

On Monday, the local unit had settled at 76.16 against the greenback.

On the domestic front, BSE Sensex is 57,851.64 up 258.15 points or 0.45%. The Nifty50 is currently 17,292.45 up 70.45 points or 0.41%.

Besides, foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs801.41 crore on Monday, according to stock exchange data.

Meanwhile, international oil benchmark Brent crude declined by 1.30 per cent to USD 111.02 per barrel.

On the currency front, the yen was in focus after the Bank of Japan’s offer Monday to buy unlimited amounts of 10-year JGBs at 0.25% for the first four days of this week. The yen fell and was the last trading at 123.25 per dollar as it hovered near a six-year low.

Related Tags

  • coronavirus pandemic
  • currency news
  • dollar rate today
  • Foreign institutional investors
  • global pandemic
  • Indian rupee
  • international oil
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.