Advertisement
Thursday, Dec 02, 2021
Outlook.com
Outlook.com

Rupee Breaks 3-Day Losing Streak, Closes At 74.79 Against US Dollar

The local currency opened at 74.44 against the dollar and rose to an intra-day high of 74.70 against the dollar. It fell to an intra-day low of 74.93 against the dollar.

Rupee Breaks 3-Day Losing Streak, Closes At 74.79 Against US Dollar
Rupee Breaks 3-Day Losing Streak, Closes At 74.79 Against US Dollar
outlookindia.com
2021-10-07T19:47:35+05:30

Rupee recovered from its three-day losing streak as it closed 19 paise higher at 74.79 against the dollar with the softening of the dollar in international markets and cooling off crude oil prices. 

The local currency opened at 74.44 against the dollar and rose to an intra-day high of 74.70 against the dollar. It fell to an intra-day low of 74.93 against the dollar. It had slipped 54 paise to close at 74.98 against the dollar on Wednesday - its biggest single-day drop in six months. 

The rupee might continue seeing fluctuation ahead of the monetary policy announcement scheduled for October 8. 

The dollar index fell 0.06 per cent to 94.20. 

Brent crude futures fell 1.07 per cent to $80.21/barrel.

BSE Sensex ended the day 488.10 points or 0.82 per cent higher at 59,677.83 points. NSE Nifty closed the day at 17,790.35 points which 0.82 per cent or 144.35 points higher than the previous close. 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Beasts Of Burden: Why Maharashtra Farmers Are Abandoning Their Cattle

Beasts Of Burden: Why Maharashtra Farmers Are Abandoning Their Cattle

With farmers in Maharashtra reeling under crop failures and mounting debts, rearing milch cattle has not remained a profitable option.

Maharashtra Farmers Look For 'Love' Amid Continued Woes And Degrading Social Status

Maharashtra Farmers Look For 'Love' Amid Continued Woes And Degrading Social Status

Maharashtra’s social fabric is undergoing a tough change. While the sons of farmers are finding it an uphill task to get brides, their sisters do not want farmers as husbands.

SL Vs WI, 2nd Test, Live: Nissanka's Fifty Lifts Lanka Vs Windies

SL Vs WI, 2nd Test, Live: Nissanka's Fifty Lifts Lanka Vs Windies

Follow live cricket scores of Day 4 of the second Test between Sri Lanka vs West Indies in Galle. The West Indians are trying to win their first-ever Test match in Sri Lanka.

Farm Laws Repealed But For Maharashtra Farmers, The Misery Is Far From Over

Farm Laws Repealed But For Maharashtra Farmers, The Misery Is Far From Over

In addition to man-made calamities, natural disasters have been a continual problem for Maharashtra farmers even as the state sits on a huge agrarian crisis.

Advertisement