Indian rupee rises to twenty.56 towards UAE dirham – Information

Sensex was buying and selling 366.66 factors greater at 56,685.67

Photo: File

Picture: File

Printed: Wed 22 Dec 2021, 9:56 AM

The Indian rupee continued to understand on Wednesday, rising 11 paise to 75.48 towards the US greenback (20.56 towards the Emirati dirham), monitoring a constructive development within the Indian fairness markets.

Nevertheless, rising crude costs within the worldwide market and continued overseas fund outflows restricted the native unit, merchants mentioned.

On the Indian interbank overseas alternate, the rupee opened barely robust at 75.56 and gained additional floor to cite 75.48 towards the American greenback in early offers, an increase of 11 paise from the final shut.

Within the earlier session, the rupee had settled at 75.59 towards the dollar.

On the Indian fairness market entrance, the 30-share Sensex was buying and selling 366.66 factors or 0.65 per cent greater at 56,685.67, whereas the broader NSE Nifty superior 112.50 factors or 0.67 per cent to 16,883.35.

International oil benchmark Brent crude futures rose 0.24 per cent to $74.16 per barrel.

International institutional buyers remained web sellers within the capital market on Tuesday, as they offloaded shares value Rs 1,209.82 crore, as per alternate information.

The greenback index, which gauges the dollar’s power towards a basket of six currencies, rose 0.05 per cent to 96.54.

(With inputs from PTI)

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