Mumbai: Indian Rupee increased by 26 paise to 75.26 against U.S. Dollar In early trade on Wednesday, supported by positive macroeconomic data and a rally in the domestic equity market.
In addition, easing crude oil prices and a weak US currency overseas Market The local unit gave a boost, analysts said.
At the interbank foreign exchange, the rupee opened stronger at 75.29 against the US dollar, then advanced to 75.26, registering a gain of 26 paise over the previous close.
The rupee also touched a high of 75.25 against the US currency in opening deals.
On Tuesday, the rupee had closed 16 paise lower at 75.52 against the US currency.
retail inflation Prices of vegetables and other commodities fell to a five-month low of 4.35 per cent in September, from 7.27 per cent in the same period a year ago.
Industrial production grew by 11.9 per cent in August, mainly due to a low-base effect and the good performance of the manufacturing, mining and power sectors, higher than the previous year. pre-covid level.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.18 per cent to 94.35.
Global oil benchmark Brent crude futures fell 0.16 per cent to $83.29 per barrel.
Foreign institutional investors were net sellers in the capital markets on Tuesday as they sold shares worth Rs 278.32 crore, according to exchange data.
On the domestic equity market front, the 30-share Sensex was trading 302.33 points or 0.50 per cent higher at 60,586.64, while the broader NSE Nifty rose 114.75 points or 0.64 per cent to 18,106.70.
In addition, easing crude oil prices and a weak US currency overseas Market The local unit gave a boost, analysts said.
At the interbank foreign exchange, the rupee opened stronger at 75.29 against the US dollar, then advanced to 75.26, registering a gain of 26 paise over the previous close.
The rupee also touched a high of 75.25 against the US currency in opening deals.
On Tuesday, the rupee had closed 16 paise lower at 75.52 against the US currency.
retail inflation Prices of vegetables and other commodities fell to a five-month low of 4.35 per cent in September, from 7.27 per cent in the same period a year ago.
Industrial production grew by 11.9 per cent in August, mainly due to a low-base effect and the good performance of the manufacturing, mining and power sectors, higher than the previous year. pre-covid level.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.18 per cent to 94.35.
Global oil benchmark Brent crude futures fell 0.16 per cent to $83.29 per barrel.
Foreign institutional investors were net sellers in the capital markets on Tuesday as they sold shares worth Rs 278.32 crore, according to exchange data.
On the domestic equity market front, the 30-share Sensex was trading 302.33 points or 0.50 per cent higher at 60,586.64, while the broader NSE Nifty rose 114.75 points or 0.64 per cent to 18,106.70.
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