Rupee surges 14 paise to end at 75.76 against the US dollar; logs over 3% loss in FY22 – Times of India

MUMBAI: The rupee advanced by 14 paise to shut at 75.76 (provisional) towards the US greenback on Thursday, monitoring robust Asian friends and a fall in international crude oil costs. Nevertheless, throughout the monetary yr 2021-22, the home unit depreciated by 264 paise or 3.61 per cent towards the American foreign money.
On the interbank foreign exchange market, the native unit opened at 75.67 towards the dollar and witnessed an intra-day excessive of 75.66 and a low of 75.83.
The rupee lastly settled at 75.76, registering an increase of 14 paise over its earlier shut.
On Wednesday, the rupee dropped 17 paise to shut at 75.90 towards the US greenback.
In the meantime, the greenback index, which measures the dollar’s energy towards a basket of six currencies, rose 0.40 per cent to 98.18.
On the home fairness market entrance, the BSE sensex ended 115.48 factors or 0.20 per cent decrease at 58,568.51, whereas the broader NSE Nifty fell 33.50 factors or 0.19 per cent to 17,464.75.
Overseas institutional traders have been web consumers within the capital market on Wednesday as they bought shares value Rs 1,357.47 crore, in accordance with inventory alternate information.

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