Victory Bull

The rupee begins the day with a gain against the US Dollar

by Editor, May 26, 2022

interbank forex market

In early trade on Thursday, the rupee was trading higher versus the US dollar. However, due to a stronger dollar in outside markets, the immediate gain was limited.

On the interbank forex market on Thursday, the rupee rose 3 paise to 77.52 against the US dollar.

Meanwhile, in early morning activity on Thursday, stock markets opened in the green. The Sensex rose 0.35 percent, or 190.36 points, to 53,939.62 points, while the Nifty 50 up 0.21 percent, or 33.90 points, to 16,059.70 points.

In limited activity on Wednesday, the rupee rebounded 2 paise to close at 77.55 against the US dollar.

The US dollar recovered from two days of losses ahead of the release of the US Federal Reserve’s meeting minutes later this month. Against a basket of six major currencies, the US dollar index rose 0.4 percent to 102.25.

The rupee opened higher versus the dollar in the interbank forex market, at 77.54, and traded in a range of 77.44 to 77.57 in the day session. The rupee finally closed at 77.55 against the dollar, up 2 paise from its previous finish of 77.57.

by Editor

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