Active Stocks
Fri Apr 19 2024 11:35:39
  1. Tata Steel share price
  2. 158.85 -0.72%
  1. Tata Motors share price
  2. 949.05 -2.30%
  1. Infosys share price
  2. 1,400.65 -1.40%
  1. ITC share price
  2. 423.90 1.18%
  1. NTPC share price
  2. 345.50 -1.68%
Business News/ Markets / Stock Markets/  Rupee falls 5 paise to end at 83.29 against US dollar
BackBack

Rupee falls 5 paise to end at 83.29 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.17% lower at 105.94.

Rupee ended at 83.29 a dollar as compared to previous close of 83.24.Premium
Rupee ended at 83.29 a dollar as compared to previous close of 83.24.

The Indian rupee depreciated 5 paise against the US dollar on Friday amid sustained local US dollar demand. The local currency ended at 83.29 a dollar as compared to previous close of 83.24.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.17% lower at 105.94.

For the week, the rupee was little changed and remained in a range between 83.18 and 83.2950. On Thursday, the rupee ended at 83.24 against the US dollar.

Likely US dollar sales by the Reserve Bank of India (RBI) prevented further losses in the local currency, Reuters reported.

(Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!)

Meanwhile, Brent crude futures, the global oil benchmark, eased 0.15% to $86.72 per barrel.

On the domestic front, the Indian stock market indices ended half a percent higher each amid positive global cues and improved investors risk appetite on hopes that the end of monetary policy tightening is near.

The 30-share BSE Sensex closed 282.88 points, or 0.44%, higher at 64,363.78, while the broader NSE Nifty 50 gained 97.35 points, 0.51%, to settle at 19,230.60.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they sold shares worth 1,261.19 crore, according to exchange data.

(With inputs from Reuters)

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 03 Nov 2023, 10:22 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App