It finally ended at 74.96 against the American currency. Rupee recovers 12 paise to end at 74.96 against US dollar Oct 26, 2021, 03:58PM ISTĪt the interbank forex market, the local unit opened at 75.05 against the greenback and witnessed an intra-day high of 74.95 and a low of 75.17 during the day trade.Support quality journalism and subscribe to Business Standard. Your support through more subscriptions can help us practise the journalism to which we are committed. We believe in free, fair and credible journalism. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.Īs we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content.
INDIAN RUPEE TO USD HOW TO
Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. (Only the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto-generated from a syndicated feed.)īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. On the domestic equity market front, the BSE Sensex ended 381.23 points or 0.64 per cent higher at 60,059.06, while the broader NSE Nifty advanced 104.85 points or 0.59 per cent to 17,895.20.įoreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 1,764.25 crore, as per exchange data. "Spot USD/INR expected to trade with a positive bias and sustainable trade above 75 will open higher side of 75.35, while on the downside support has been switched to 74.50," Parmar noted. The RBI Governor said MPC voted unanimously for keeping the interest rate unchanged and decided to continue with its accommodative stance as long as necessary to support growth and keep inflation within the target. On the macroeconomic front, the Reserve Bank of India (RBI) on Friday decided to keep the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance even as the economy is showing signs of recovery after the second COVID wave. On the bi-monthly RBI policy meet, Parmar said that RBI Governor Shaktikanta Das "surprised markets by suspending its version of quantitative easing (GSAP), while kept interest rate unchanged with an accommodative stance". "The Indian rupee registered worst weekly loss after April 09 following a surge in crude oil and dollar index," said Dilip Parmar, Research Analyst, HDFC Securities. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent lower at 94.15. On Thursday, the rupee had settled at 74.79 against the US dollar.īrent crude futures, the global oil benchmark, advanced 0.76 per cent to USD 82.57 per barrel. The local unit finally settled at 74.99 a dollar, down 20 paise over its previous close.