Fall in Rupee: Rupee fell by 6 paise and closed at 83.22 against US dollar.
Mumbai: Rupee had a weak start to the new year and fell by 6 paise to 83.22. U.S. Dollar amid a slowing trend in home equity And demand for dollars From importers. Forex trader The rupee traded in a tight range in the absence of global cues, it said. Global crude oil markets were closed due to the New Year holiday.
At the interbank forex market, the local unit opened at 83.18 and finally closed at 83.22 (provisional) against the dollar, 6 paise lower than its previous close.
On Friday, the last trading day of 2023, the rupee strengthened by 4 paise and closed at 83.16 against the US dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.05 percent at 101.38.
On the domestic equity market front, Sensex closed 31.68 points or 0.04 per cent higher at 72,271.94. Nifty rose 10.50 points or 0.05 percent to reach 21,741.90.
Foreign institutional investors (FIIs) were net buyers in the capital market on Friday as they bought shares worth Rs 1,459.12 crore, according to exchange data.
Foreign exchange reserves continued to rise for the third consecutive week, rising by US$4.471 billion in the week ended December 22, taking the total to US$620.441 billion, according to weekly data released by the Reserve Bank on Friday.
In the last reporting week, the kitty had increased by US$9.112 billion to US$615.971 billion, making the volume of increase the largest in a single week. Earlier in the week, total reserves had increased by US$2.816 billion to US$606.859 billion.
At the interbank forex market, the local unit opened at 83.18 and finally closed at 83.22 (provisional) against the dollar, 6 paise lower than its previous close.
On Friday, the last trading day of 2023, the rupee strengthened by 4 paise and closed at 83.16 against the US dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.05 percent at 101.38.
On the domestic equity market front, Sensex closed 31.68 points or 0.04 per cent higher at 72,271.94. Nifty rose 10.50 points or 0.05 percent to reach 21,741.90.
Foreign institutional investors (FIIs) were net buyers in the capital market on Friday as they bought shares worth Rs 1,459.12 crore, according to exchange data.
Foreign exchange reserves continued to rise for the third consecutive week, rising by US$4.471 billion in the week ended December 22, taking the total to US$620.441 billion, according to weekly data released by the Reserve Bank on Friday.
In the last reporting week, the kitty had increased by US$9.112 billion to US$615.971 billion, making the volume of increase the largest in a single week. Earlier in the week, total reserves had increased by US$2.816 billion to US$606.859 billion.
