2024-10-22 12:48:20 pm | Source: Accord Fintech
Rupee strengthens slightly against US dollar on Tuesday
Indian rupee strengthened slightly against the US dollar on Tuesday tracking a retreating American currency, weakness in the crude oil prices, and likely intervention by the Reserve Bank of India (RBI). However, unabated outflow of foreign funds and persisting Middle East tensions have limited further gains in rupee sentiments. Foreign institutional investors were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 2,261.83 crore, exchange data showed.
The partially convertible currency is currently trading at 84.06, stronger by 1 paise from its previous close of 84.07 on Monday. The currency touched a high and low of 84.0775 and 84.0625 respectively.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
MOSt Market Roundup : Nifty future closed negative w...
Evening Track : Commodities trading mixed as Preside...
Quote on Nifty by Vatsal Bhuva, Technical Analyst at...
Quote on Pre-Budget Expectations by Mr. Sebi Joseph,...
Union Budget 2025 wish list by Mr. George Alexander ...
Quote on Market Wrap by Mr. Ajit Mishra ? SVP, Resea...
PhonePe celebrates Mahakumbh mela with Rs 144 flat c...
Quote on Market Wrap Up by Shrikant Chouhan, Head Eq...
2025 Fashion Trends: Insights into the Colors, Style...
Daily Market Commentary : Investors will closely tra...
