Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Timeout
  • Entertainment
  • Sports
  • Sci-Tech
  • Others
    • COVID-19
    • Today’s Pic
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Timeout
  • Entertainment
  • Sports
  • Sci-Tech
  • Others
    • COVID-19
    • Today’s Pic
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Rupee falls 47 paise to close at 81.80 against US dollar

PTI
Updated: December 5th, 2022, 16:15 IST
in Business
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Mumbai: The rupee pared its initial gains to settle down by 47 paise at 81.80 (provisional) against the US dollar Monday weighed down by weak domestic markets and rise in crude oil prices.

Forex traders said a weak dollar in the overseas market cushioned the downside for the local unit.

At the interbank foreign exchange market, the local unit opened at 81.26, but pared the gains and ended at 81.80, down 47 paise over its previous close.

During the day, the local unit witnessed an intraday high of 81.25 and a low of 81.82.

On Friday, the rupee had settled down by 7 paise at 81.33 against the dollar.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.10 per cent to 104.44.

Global oil benchmark Brent crude futures rose 1.82 per cent to USD 87.13 per barrel.

According to Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on Monday on weak domestic markets and higher crude oil prices. However, the weak US Dollar cushioned the downside.

The US Dollar declined on optimism over reopening in China. However, upbeat job market data cushioned the downside. The US non-farm payrolls added 2.63 lakh jobs in November, beating estimates of 2 lakh jobs, Choudhary said.

“We expect the rupee to trade with a negative bias on weak domestic markets and recovery in crude oil. Any fresh outflows by FIIs may also weigh on rupee. However, a weak dollar may support Rupee,” Choudhary said.

He further noted that “investors may remain cautious ahead of RBI’s monetary policy outcome Wednesday. There are expectations of a 35-bps rate hike.”

The Reserve Bank may opt for a lower rate increase of 25-35 basis points in lending rates amid retail inflation showing signs of moderation and the need to push growth, according to experts.

The RBI will come out with its next bi-monthly policy review December 7, at the end of a three-day meeting of the Monetary Policy Committee (MPC) beginning Monday.

Foreign Institutional Investors (FIIs) were net buyers in the capital markets Friday as they purchased shares worth Rs 214.76 crore, according to exchange data.

On the domestic equity market front, the 30-share BSE Sensex fell 33.9 points or 0.05 per cent to end at 62,834.60, while the broader NSE Nifty advanced 4.95 points or 0.03 per cent to 18,701.05.

Tags: RupeeUS Dollar
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

Related Posts

Adani Group

Shares of Adani group cos settle on mixed note; Adani Enterprises jumps nearly 15%

February 7, 2023
'Anti-competitive offers by Samsung killing retail trade', CAIT writes to CCI

‘Anti-competitive offers by Samsung killing retail trade’, CAIT writes to CCI

February 7, 2023
ED attaches Rs 859 crore proceeds of crime in illegal loan app cases: MoS Finance

ED attaches Rs 859 crore proceeds of crime in illegal loan app cases: MoS Finance

February 7, 2023
Moody's

Moody’s says bank exposure to Adani not large to affect credit quality

February 7, 2023
Pinterest

Pinterest reaches 450 million monthly active users globally

February 7, 2023
Less than 25 % of workspaces in India have adequate facilities to accommodate people with disabilities: Report

Less than 25 % of workspaces in India have adequate facilities to accommodate people with disabilities: Report

February 7, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

Plastic Free Odisha

Nayagarh Girls’ High School

Nayagarh Girls’ High School students support a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

October 2, 2018
Plastic Free Odisha

Samanta Singhara Nodal High School students

Samanta Singhara Nodal High School students of Balia, Jajpur support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend ...

October 2, 2018
Plastic Free Odisha

Puri SCS College Students

Puri SCS College Students support a plastic free odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) ...

August 30, 2018
Plastic Free Odisha

Actress Bhoomika Dash

Actress Bhoomika Dash calls for a Plastic Free Odisha. Have You Joined the movement? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our ...

August 30, 2018
Plastic Free Odisha

Govinda Poddar-Odisha Ranji Team Captain

Govinda Poddar, Odisha Ranji Team Captain  calls for a Plastic Free Odisha. Have You Joined the movement? *Visit our website ...

August 30, 2018
Plastic Free Odisha

IMT Pharmacy College-Puri

IMT Pharmacy College students call for a Plastic Free Odisha. Have You Joined the movement? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend ...

August 30, 2018
Plastic Free Odisha

Students of Tulasipur Saraswati Sishu Vidya Mandir, Cuttack

Students of Tulasipur Saraswati Sishu Vidya Mandir, Cuttack call for a Plastic Free Odisha. Do you support the movement? *Visit our ...

August 29, 2018
Plastic Free Odisha

Hinjili Police

Hinjili Police support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your Photos/Selfie ...

October 2, 2018
Plastic Free Odisha

Gandhi Science Higher Secondary School in Khandagiri, Bhubaneswar

Gandhi Science Higher Secondary School students of Khandagiri, Bhubaneswar support a plastic free Odisha. Do you?   *Visit our website ...

October 2, 2018
Plastic Free Odisha

Archita Sahu, Actress

Archita Sahu support a Plastic Free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your ...

August 30, 2018
Plastic Free Odisha

Elina Samantray, Actress

Elina Samantray calls for a Plastic Free Odisha. Do you support the movement? *Visit our website www.orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

August 29, 2018
Plastic Free Odisha

Sri Aurobindo School students & teachers

Sri Aurobindo School students & teachers of Sambalpur support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our ...

October 2, 2018
Plastic Free Odisha

Kalamatia Sahid Bidyapitha students

Kalamatia Sahid Bidyapitha students support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post ...

October 2, 2018
Plastic Free Odisha

Sundargarh Public School teachers

Sundargarh Public School teachers support a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) ...

October 2, 2018
Plastic Free Odisha

Korei college students

Korei college students support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your ...

October 2, 2018
Plastic Free Odisha

Naveen Jindal-Enterpreneur

Naveen Jindal support a Plastic Free Odisha. Do you?  *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your Photos/Selfie ...

August 30, 2018
Plastic Free Odisha

Tanbhi Block School students and staff

Tanbhi Block School students and staff support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

October 2, 2018
Plastic Free Odisha

Odisha Rajya Rogi Adhikar Mancha & Mangalabagh International Club workers

Odisha Rajya Rogi Adhikar Mancha & Mangalabagh International Club Workers support a plastic free Odisha. Do you? *Visit our website ...

October 2, 2018
Plastic Free Odisha

Bijay Mohanty, Actor

Actor Bijay Mohanty calls for a Plastic Free Odisha. Have You Joined the movement? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our ...

August 30, 2018
Plastic Free Odisha

Unit III Bharat Scouts and Guide

Unit III Bharat Scouts and Guides team call for a Plastic Free Odisha. Do you support the movement? *Visit our website ...

August 29, 2018
Plastic Free Odisha

Padmashree Aruna Mohanty-Odissi Dancer

Padmashree Odissi Dancer Aruna Mohanty calls for a Plastic Free Odisha. Have You Joined the movement? *Visit our website orissapost.com. ...

August 30, 2018
Plastic Free Odisha

Bridge school students

Bridge school students support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your ...

October 2, 2018
Plastic Free Odisha

High school students of Sambalpur district

High school students of Sambalpur district support plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

October 2, 2018
Plastic Free Odisha

Members of All Ride Bicycle

Members of All Ride Bicycle supports a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page ...

October 2, 2018
Plastic Free Odisha

Srikumar Misra-Entrepreneur

Srikumar Misra supports a Plastic Free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your ...

August 30, 2018
Plastic Free Odisha

D.A.V Public School-Kalinga Nagar

D.A.V Public School Students, support Plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post ...

August 30, 2018
Plastic Free Odisha

Olympian Anuradha Biswal

Olympian Anuradha Biswal supports a Plastic Free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post ...

August 30, 2018
Plastic Free Odisha

Anubhav Mohanty, Actor

Anubhav Mohanty supports call for a Plastic Free Odisha. Do you support the movement? *Visit our website www.orissapost.com. Like,Share,Subscribe,Recommend our Facebook ...

August 29, 2018
Plastic Free Odisha

Cuttack College NCC students

Cuttack College NCC students support a plastic free Odisha. Do you? *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) ...

October 2, 2018
Plastic Free Odisha

Sports Person Sradhanjali Samantaray

Sports Personality Sradhanjali Samantaray support a *Visit our website orissapost.com. Like,Share,Subscribe,Recommend our Facebook Page Orissapost(@OrissaPOST.Here.Now) *Post your Photos/Selfie (with fingers ...

August 30, 2018

Archives

Editorial

Democratic Dictator

Pakistan’s ex-President and Army chief General (Retd.) Pervez Musharraf, 79, passed away in Dubai on February 5, 2023. | Photo Credit: Reuters
February 8, 2023

There is no halfway, either in democracy or in dictatorship. In other words, a hybrid democracy is a dangerous commodity...

Read more

Balloon Riddle

The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, on February 4, 2023. (REUTERS/Randall Hill)
February 7, 2023

The billion dollar question is what the real motive of China could be behind sending its balloon over the United...

Read more

Myanmar Mess

Myanmar coup
February 6, 2023

The bad news from Myanmar is that its military junta has imposed martial law in areas where anti-military resistance is...

Read more

Detached From Reality

February 5, 2023

In 2018, the government of India published a report under Niti Aayog titled [email protected] In it the government set itself...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Sports
  • Sci-Tech
  • About Us
  • Advertise
  • Contact Us
  • Career
Developed By Ratna Technology

© 2020 All rights Reserved by OrissaPOST

  • Home
  • Metro
  • State
  • National
  • International
  • IPL
  • Sports
  • Business
  • Entertainment
  • Feature
  • Opinion
  • Sci-Tech
  • COVID-19
  • Today’s Pic
  • About Us
  • Contact Us
  • Career
  • Facebook
  • Twitter

© 2020 All rights Reserved by OrissaPOST