Rupee Rises 45 Paise To Close At 79.24 Against US Dollar, Hindi News | NewsBust Rupee Rises 45 Paise To Close At 79.24 Against US Dollar, Hindi News | NewsBust

Business

Rupee Rises 45 Paise To Close At 79.24 Against US Dollar, Hindi News

By Amit - August 5, 2022

feature img

International oil benchmark Brent crude rose 0.20 percent to $94.31 a barrel.

New Delhi:

After the Reserve Bank of India increased the policy repo rate by half a percentage point on Friday, the rupee stopped falling for two days in the inter-bank foreign exchange market and against the US dollar. Against the rupee, the rupee strengthened by 16 paise and closed at Rs 79.24 per dollar. The rupee was opened at 79.15 in the interbank foreign exchange market. After being in the range of Rs 78.94 to 79.29 during the trade, the rupee strengthened by 16 paise against the US dollar to close at 79.24 per dollar at the end of trading. The previous closing price of the rupee was 79.40 per dollar.

read also

The Reserve Bank has hiked key interest rates for the third time since May to curb rising inflation and support the rupee. With this increase, the short-term lending rate or repo rate has crossed the pre-pandemic level of 5.15 percent. . Meanwhile, the dollar index, which measures the strength of the dollar against the world’s six major currencies, rose 0.25 percent to 105.95.

Traders said rising foreign fund inflows in the capital market and fall in crude oil prices strengthened the rupee’s sentiments. Traders said increased investment by foreign institutional investors in the capital market also supported the rupee.

International oil benchmark Brent crude rose 0.20 percent to $94.31 a barrel. Foreign institutional investors remained net buyers in the capital market on Thursday. According to exchange data, they bought shares worth Rs 1,605.81 crore on Friday.

(This news has not been edited by NewsBust India team. It has been published directly from Syndicate feed.)

Amit

Related Stories

Latest Article

India

Delhi Narcotics Department Arrested Famous Bhojpuri Singer With 21 Kg Of Ganja

Updated August 2022

Business

Rupee Falls Once Again Against Dollar On Friday The Price Of One Dollar Is 79 Rupees 74 Paise

Updated August 2022

India

“He Did Her Last Rites Quietly”: Family Of Woman Who Died In US Blaming Her Husband

Updated August 2022

India

Seeing The Romantic Chemistry Of Kiara Siddharth Fans Amazed

Updated August 2022

India

The attacker knelt on the neck during an interview in New York; Been in controversies about the novel. Arrived to deliver an address during an event in western New York, the attacker stabbed

Updated August 2022

India

Big Announcement Of Karnataka BJP In-charge, Said – Will Fight The Next Assembly Election Under The Leadership Of CM Basavaraj Bommai

Updated August 2022

Education

Planning to conduct CUET for NEET, JEE Main, Medical and Engineering will also get admission through this exam. Planning to conduct CUET for NEET, JEE Main, Medical and Engineering will also get admission from this exam

Updated August 2022

Education

PepsiCo India Recruitment for 18,533 Posts, Apply by 31 December 2022 PepsiCo India Recruitment for 18,533 Posts, Apply by 31st December 2022

Updated August 2022

Technology

Airtel will give a new experience to the customers by securing 19867.8 MHz spectrum in the 5G auction. Airtel to give new customer experience by securing 19867.8 MHz spectrum in 5G auction

Updated August 2022

Business

Food items became cheaper, retail inflation came down to 6.7% in July. Retail inflation dips to 6.7% in July, but still out of RBI limits

Updated August 2022

India

After Asking For Photo Proof Of National Flag At Houses Uttarkhand Bjp President Mahendra Bhatt Asks Again Whats The Problem

Updated August 2022

India

After killing her husband in MP, the woman kept talking to her mother-in-law for 2 years, Raju Srivastava was tied by sister in ICU. After killing her husband in MP, the woman kept talking to her lover for 2 years with her mother-in-law, Raju Srivastava was tied by sister in ICU

Updated August 2022

India

Kartik Aaryan Is A Heart Breaker Actor Broke Silence On This Rumour

Updated August 2022

Health

For the first time in France, the infection spread from human to dog, the rash emerged on the body after sleeping with the patient. Monkeypox Human To Dog Transmission In France | Monkeypox Oubreak

Updated August 2022

India

OpenSea Takes Steps To Tacke NFT Theft

Updated August 2022