Rupee settles 18 paise lower at 75.08 against US dollar


PTI, Oct 25, 2021, 4:25 PM IST

Mumbai: The rupee ended 18 paise lower at 75.08 (provisional) against the US currency on Monday due to a spike in crude oil prices and a stronger greenback against key rivals overseas.

At the interbank forex market, the local unit opened on a weak note at 74.98 and witnessed an intra-day high of 74.97 and a low of 75.10 against the American currency during day trade.

The local unit finally ended at 75.08, down 18 paise over its previous close. On Friday, the rupee had settled at 74.90 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13 per cent higher at 93.76.

Brent crude futures, the global oil benchmark, rose 0.56 per cent to USD 86.01 per barrel.

On the domestic equity market front, the BSE Sensex surged 145.43 points or 0.24 per cent to end at 60,967.05 while the broader NSE Nifty advanced 10.50 points or 0.06 per cent to settle at 18,125.40.

Meanwhile, foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 2,697.70 crore, exchange data showed.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

‘Nation First’ key to India’s progress, says President Murmu

Karnataka BJP chief Vijayendra slams Cong govt over Waqf notices to farmers, fund crunch

Man declared dead wakes up before cremation, 3 doctors suspended in Rajasthan

Teen stabs man to death at railway station in Mumbai after quarrel over local train seat

BJP stages protest against Karnataka govt over Waqf properties row

Youth attempts suicide after being humiliated in public for wearing ripped jeans in Belthangady

India crawl to 51 for 4 after losing top-order

Related Articles More

Baku climate talks: The ‘X’ factor that could determine future of Global South

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

Gautam Adani charged in US with USD 250 mn bribery, fraud

India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra

RBI cautions public about ‘deepfake’ video of governor being circulated on social media

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Kharge confident of Cong and allies coming to power in Maharashtra, Jharkhand

‘Nation First’ key to India’s progress, says President Murmu

Karnataka BJP chief Vijayendra slams Cong govt over Waqf notices to farmers, fund crunch

Priyanka joining forces with Rahul in Parliament will give ‘sleepless nights’ to BJP: Pilot

Man declared dead wakes up before cremation, 3 doctors suspended in Rajasthan

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.