Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Rupee slips to end at 74.68 as crude oil prices shoot up

PTI
Updated: July 6th, 2020, 16:37 IST
in Business
0
Rupee

Representational image

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Mumbai: The rupee pared initial gains to settle down by 2 paise at 74.68 against the US dollar Monday due to firming crude oil prices and dollar buying by importers.

Gains in domestic equities, foreign fund inflows and a weak US currency helped restrict rupee losses, forex dealers said.

Also Read

Donald Trump

India ‘kills’ us with tariffs: Trump

6 hours ago

Gold prices storm past Rs 1.07 lakh per 10 gram in Delhi

7 hours ago

In a highly volatile session, the rupee opened at 74.53 against the US dollar, and touched an intra-day high of 74.52 and a low of 74.82.

The domestic unit finally closed at 74.68 against the US dollar, down 2 paise over its previous close of 74.66 Friday.

“Despite lower safe-haven currencies, the rupee was unable to add gains today amid higher crude oil prices and bargain buying of dollars by the importers. The Indian rupee gained 1.32 per cent or one rupee a dollar in the previous week,” Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities said.

Vakil further said that the trend for the Indian rupee remains on bullish side following weaker dollar index and foreign fund inflows.

“Spot USDINR is having support at 74.30 and resistance at 75 for next couple of days,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.24 per cent to 96.94.

On the domestic equity market front, the 30-share BSE benchmark Sensex settled 465.86 points, or 1.29 per cent, higher at 36,487.28; while the NSE Nifty soared 156.30 points, or 1.47 per cent, to 10,763.65.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 857.29 crore Friday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, rose 1.66 per cent to USD 43.51 per barrel.

Meanwhile, the number of cases around the world linked to COVID-19 has crossed 1.14 crore and the death toll has topped 5.34 lakh.

In India, the death toll due to the disease rose to 19,693 and the number of infections spiked to 6,97,413, according to the health ministry.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 74.7843 and for rupee/euro at 84.0486. The reference rate for rupee/British pound was fixed at 93.2720 and for rupee/100 Japanese yen at 69.56.

 

PTI

Tags: BrentCrude oil priceRupeeUS Dollar
ShareTweetSendShare
Suggest A Correction

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

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019

Archives

Editorial

Thai Soup

Democracy
September 3, 2025

I t is claimed by many that dynastic politics is a bane for democracy in many countries, including India, as...

Read moreDetails

Shooting the Messenger

journalists
September 2, 2025

A great truth about the ongoing and seemingly unending spiral of violence, death and devastation in Gaza is that truth...

Read moreDetails

Endless Drift

Modi, Xi, Trump
September 1, 2025

Over the past two decades, India has focused on forging a strong alliance with the United States, aiming to secure...

Read moreDetails

Diplomatic Delusion

Rights & Restrictions: AAKAR PATEL
August 31, 2025

To be able to correct a problem, we first have to acknowledge that a problem exists. If we do not...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST