Middle East

Rupee wins 24 Paisa to close at 75.02 against US dollars

Mumbai: Rupee soared 24 Paisa to finish at 25.02 (provisional) against the US dollar on Friday, improving risk appetite as the risk of fallout from the Omicron coronavirus variant was alleviated, 7th The rise has expanded continuously.

In the interbank forex market, the local unit opened at 75.12 against the greenback, with a daytime high of 75.00 and a low of 75.20.

On Thursday, the rupee climbed 28 Paisa to close at 75.26 against the US dollar.

Omicron is not as serious as the delta mutant, according to a new analysis by the UK Health and Security Agency (UKHSA) released Thursday.

The findings are consistent with two other studies based on actual COVID-19 UK data, and it has also been reported that the Omicron variant is less severe than the Delta variant and requires less hospitalization. increase.

Forex traders said most major currency pairs were trading in a narrow range before vacations and long weekends in the United States.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.06 percent to 96.01.

Foreign institutional investors continued to sell net on Thursday’s capital markets as they offloaded stocks worth 271.59 rupees, according to exchange data.

On the domestic stock market side, the BSE Sensex fell 190.97 points (0.33%) to close at 57,124.31, while the broader NSE Nifty fell 68.85 points (0.4%) to 17,003.75.

https://www.siasat.com/rupee-gains-24-paise-to-close-at-75-02-against-us-dollar-2247307/ Rupee wins 24 Paisa to close at 75.02 against US dollars

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