Thursday, Jun 04, 2020 | Last Update : 11:21 AM IST

72nd Day Of Lockdown

Maharashtra74860323292587 Tamil Nadu2587214316208 Delhi236459542615 Gujarat18117122121122 Rajasthan96526744209 Uttar Pradesh88705257230 Madhya Pradesh82835003358 West Bengal61682410364 Karnataka4063151453 Andhra Pradesh3971246468 Bihar3945174123 Telangana3020155699 Jammu and Kashmir260194631 Odisha238814169 Haryana2356105521 Punjab2301200044 Kerala149565112 Assam14862854 Uttarakhand9592225 Jharkhand6612965 Chhatisgarh5481211 Tripura4231730 Himachal Pradesh3401186 Chandigarh2972144 Puducherry88300 Manipur83110 Goa73500 Nagaland5800 Arunachal Pradesh3710 Meghalaya33131 Mizoram1410 Sikkim200

Rupee recovers 24 paise against US dollar in early deals

PTI
Published : Mar 4, 2020, 10:53 am IST
Updated : Mar 4, 2020, 10:53 am IST

The rupee opened at 73.10, then gained further ground and touched a high of 72.90 against the US dollar.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.09 per cent to 97.24.
 The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.09 per cent to 97.24.

Mumbai: The rupee recovered by 24 paise to 72.95 against the US dollar in early trade on Wednesday, taking heart from the Reserve Bank's assurance that it will take appropriate actions to preserve financial stability in the financial market amid growing coronavirus fears.

At the interbank foreign exchange the rupee opened at 73.10, then gained further ground and touched a high of 72.90 against the US dollar. It was last trading at 72.95, showing a rise of 24 paise over its previous close.

On Tuesday, the Indian currency had fallen by 43 paise to close at a 16-month low of 73.19 against the US dollar amid concerns over the impact of coronavirus.

In a major reprieve for the financial market, the RBI on Tuesday said it is closely monitoring global as well as domestic situation regarding the impact of deadly coronavirus and ready to take necessary action to ensure orderly functioning of financial markets.

Globally, financial markets have been experiencing considerable volatility, with the spread of coronavirus, triggering risk-off sentiments and flights to safe haven, the Reserve Bank of India (RBI) said in a statement.

Meanwhile, global crude oil benchmark, Brent futures, rose 2 per cent to trade at USD 52.63 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.09 per cent to 97.24.

On the stock market front, the BSE benchmark Sensex was trading 72.78 points lower at 38,550.92 in early trade; while the broader NSE Nifty was down 14 points at 11,289.30.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold equity shares worth Rs 2,415.80 crore on Tuesday, according to provisional exchange data.

By the end of Tuesday, 2,981 people died of the COVID-19 and a total of 80,270 confirmed cases of the virus were reported in China, National Health Commission (NHC) reported on Tuesday.

The death toll due to the deadly disease across the world mounted to 3,123 and confirmed cases surpassed 91,783, official media here reported.

Tags: rupee, dollar, american currency, indian currency
Location: India, Maharashtra, Mumbai (Bombay)
ADVERTISEMENT
ADVERTISEMENT