Rupee settles 18 paise lower at 75.08 against US dollar


PTI, Oct 25, 2021, 4:25 PM IST

Mumbai: The rupee ended 18 paise lower at 75.08 (provisional) against the US currency on Monday due to a spike in crude oil prices and a stronger greenback against key rivals overseas.

At the interbank forex market, the local unit opened on a weak note at 74.98 and witnessed an intra-day high of 74.97 and a low of 75.10 against the American currency during day trade.

The local unit finally ended at 75.08, down 18 paise over its previous close. On Friday, the rupee had settled at 74.90 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13 per cent higher at 93.76.

Brent crude futures, the global oil benchmark, rose 0.56 per cent to USD 86.01 per barrel.

On the domestic equity market front, the BSE Sensex surged 145.43 points or 0.24 per cent to end at 60,967.05 while the broader NSE Nifty advanced 10.50 points or 0.06 per cent to settle at 18,125.40.

Meanwhile, foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 2,697.70 crore, exchange data showed.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Groom gets a thrashing as his wife turns up at the wedding!

Omicron scare: Over 100 of 295 foreign returnees untraceable near Mumbai, say authorities

Omicron: Infected doctor tests positive again

Biden touts savings on insulin and other drugs for American

PM Modi and other BJP leaders condole demise of Urimajalu Rama Bhat

PLFI-police encounter in Jharkhand, none injured

BJP, Congress equal enemies, says HD Kumaraswamy ahead of Karnataka polls


Related Articles More

India has 4th largest foreign exchange reserves in world: MoS finance

ITC Hotels and CII joins hand for job oriented international hospitality training

Govt Job Alerts: Naval Ship Repair Yard Recruitment 2021-2022 Karwar & Goa

Toyota Kirloskar Motor partners with Karnataka Bank for financing solutions

Marine minerals will be key to country’s future economy: Union Minister

MUST WATCH

Coscinium fenestratum

Food Business Success Stories | Bahubali Home Products

Dog Theft in Shivamogga

Byndoor: Cattle carcasses insensitively dragged on road irks Hindu organisations

NEWS BULLETIN 05-12-2021


Latest Additions

Biden to warn Putin of economic pain if he invades Ukraine

Groom gets a thrashing as his wife turns up at the wedding!

Omicron scare: Over 100 of 295 foreign returnees untraceable near Mumbai, say authorities

Omicron: Infected doctor tests positive again

Biden touts savings on insulin and other drugs for American

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.