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By: PTI|Mumbai |
Published: July 21, 2020 11: 14: 12 am
A worker counts Indian rupee banknotes at a Walmart Inc. Finest Rate Modern Wholesale store in Hyderabad, India, on Saturday, March 16,2019 (Professional Photographer: Dhiraj Singh/Bloomberg)
The rupee valued 18 paise to 74.73 against the US dollar in opening trade on Tuesday tracking positive domestic equities and hopes of COVID-19 vaccine.
At the interbank Forex (Click Here For Best Forex Techniques) market, the domestic system opened at 74.79 versus United States dollar, then acquired additional ground and touched 74.73 versus the United States dollar, up 18 paise over its previous close.
It had actually settled at 74.91 against the US dollar on Monday.
Forex (Click Here For Best Forex Techniques) traders said positive opening in domestic equities, foreign fund inflows and hopes of COVID-19 vaccine supported the rupee.
A coronavirus vaccine produced by the University of Oxford appears safe and causes a strong immune action within the body, researchers revealed on Monday after the very first phase of human trials.
In India, AIIMS-Delhi on Monday started hiring volunteers for conducting human medical trials of the indigenously developed COVID-19 vaccine candidate Covaxin
On the other hand, the dollar index, which gauges the greenback’s strength versus a basket of 6 currencies, rose 0.04 percent to 95.87
On the domestic equity market front, the 30- share BSE benchmark Sensex was trading 387.14 points greater at 37,80613 and broader NSE Nifty increased 110.25 points to 11,13245
Foreign institutional financiers were net purchasers in the capital market as they purchased shares worth Rs 1,70997 crore on Monday, according to provisionary exchange information.
Brent unrefined futures, the worldwide oil benchmark, increased 0.14 percent to USD 43.34 per barrel.
On the other hand, the variety of cases around the globe linked to COVID-19 has crossed 1.47 crore and the death toll has topped 6.09 lakh.
In India, the death toll due the disease rose to 28,084 and the variety of infections has touched 11,55,191, according to the health ministry.
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