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Best Forex (Click Here For Best Forex Techniques) robot It had actually settled at 75.58 against the greenback on Friday.
Last Upgraded: Jun 08, 2020, 02.50 PM IST
Mumbai: The rupee settled on a soft note, up 3 paise, at 75.55(provisionary) versus the US dollar on Monday as dollar-buying by banks along with importers and rebounding unrefined prices limited gains of the local system.
Forex traders said favorable domestic equities, sustained foreign fund streams and the revival of business activity are supporting the rupee, but dollar need and rising crude oil prices are weighing on the domestic unit.
The rupee opened at 75.59 against the US dollar and finally settled at 75.55, signing up a rise of 3 paise over its previous close.
It had actually settled at 75.58 versus the greenback on Friday.
During the four-hour session, the rupee saw an intra-day high of 75.50 and a low of 75.64
On the equities front, the 30- share BSE benchmark Sensex was quoting 17.60 points higher at 34,30484 and wider Nifty was up 20.45 points at 10,16260
Foreign institutional financiers were net purchasers in the capital market, as they purchased shares worth Rs 97.61 crore on Friday, according to provisionary exchange data.
Brent unrefined futures, the global oil benchmark, rose 0.97 percent to USD 42.71 per barrel.
The dollar index, which assesses the greenback’s strength versus a basket of 6 currencies, fell 0.09 percent to 96.85
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