The rupee today closed 8 paise higher at 82.62 against the US dollar led by forex inflows and strong macro data. The rupee opened at 82.58 on the Interbank Currency Exchange and touched a low of 82.76 in intraday trading.
The dollar index, which measures the dollar’s strength against six currencies, was up 0.59 per cent at 104.23 today.
The rupee closed strong on Friday, August 1. The rupee today closed 8 paise higher at 82.62 against the US dollar due to forex inflows and strong macro data.
At the interbank foreign exchange, the rupee opened at 82.58 and touched a low of 82.76 during intra-day trade.
dollar index strengthened
The dollar index , which measures the strength of the US dollar against six currencies , rose 0.59 percent to 104.23 today. Brent crude futures, the global oil benchmark, rose 1.08 percent to US $ 87.77 per barrel.
Speaking to news agency PTI this evening, Anuj Chaudhary, research analyst at Sharekhan and BNP Paribas, said:
How was the market today?
On the last trading day today, BSE Sensex closed at 65,387.16, up 555.75 points or 0.86 per cent, while Nifty closed at 19,435.30, up 181.50 points or 0.94 per cent.
Foreign institutional investors (FIIs) became net buyers in the capital market today as they bought shares worth Rs 487.94 crore, according to exchange data.
There was a rise in manufacturing last month
Manufacturing activity in India accelerated in August as new orders and output grew at the fastest rate in three years, according to a survey released today. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to 58.6 in August from 57.7 in July.
India grew at a speed of 7.8 percent
Let us tell you that yesterday NSO had released the results of India’s first quarter and said that India’s GDP growth in the April-June quarter was 7.8 percent.
