The rupee exchange rate rose for the fifth consecutive day

The rupee exchange rate rose for the fifth consecutive day on Thursday. The rupee gained three paise to close at 73.88 against the US dollar amid heavy buying in domestic stocks and a spurt in foreign portfolio investment.

The rupee exchange rate rose for the fifth consecutive day
The rupee exchange rate rose for the fifth consecutive day

In the interbank foreign currency exchange market, the rupee was seen to move in a limited range. Increased cases of corona virus have affected the enthusiasm generated by the news of success in the development of this epidemic vaccine.
The rupee exchange rate opened strongly at 73.85. The rupee gained three paise to end at 73.88 per dollar, after moving between 73.75 to 73.89. The rupee exchange rate rose by 10 paise to 73.91 per dollar at the time of market closing on Wednesday. Meanwhile, the dollar index gained 0.06 percent to 92.04 against the six major rival currencies.

On the domestic front, the 30-share BSE-30 Sensex rose 431.64 points to close at 44,259.74 points. Foreign institutional investors (FPIs) remained net buyers in the capital market, buying shares worth Rs 24.20 crore on a net basis on Wednesday, according to share exchange data. Brent crude futures fell 1.21 percent to $ 48.02 a barrel in the crude oil market.