The rupee appreciated 18 paise to 75.14 against the US dollar in the opening trade on Wednesday amid signs of de-escalation in the conflict between Russia and Ukraine.<\/p>\n\n\n\n
At the interbank foreign exchange, the rupee opened at 75.24 against the American dollar and then inched higher to quote 75.14, registering a rise of 18 paise from the last close.<\/p>\n\n\n\n
On Tuesday, the rupee snapped its five-session losing streak and surged 28 paise to close at 75.32 against the US dollar.<\/p>\n\n\n\n
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.06 per cent higher at 96.04.<\/p>\n\n\n\n
“The Indian Rupee opened stronger against the US Dollar on Wednesday as tension de-escalate in Eastern Europe,” said Sriram Iyer, Senior Research Analyst at Reliance Securities.<\/p>\n\n\n\n
Crude and the dollar were subdued this Wednesday morning and lent support, Iyer said, adding that investors will look to retail sales data and Fed minutes for further cues.<\/p>\n\n\n\n
US President Joe Biden has said that an invasion of Ukraine remains a distinct possibility. Biden said the US is still open for diplomacy to resolve the issue while stressing that more than 150,000 Russian troops remain on the Ukrainian border.<\/p>\n\n\n\n
On the domestic equity market front, the 30-share Sensex was trading 85.87 points or 0.15 per cent lower at 58,056.18, while the broader NSE Nifty declined 14.10 points or 0.08 per cent to 17,338.35.<\/p>\n\n\n\n
Global oil benchmark Brent crude futures fell 0.26 per cent to USD 93.04 per barrel.<\/p>\n\n\n\n
Foreign institutional investors were net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 2,298.76 crore, as per stock exchange data.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
The rupee appreciated 18 paise to 75.14 against the US dollar in the opening trade on Wednesday amid signs of de-escalation in the conflict between Russia and Ukraine. At the interbank foreign exchange, the rupee opened at 75.24 against the American dollar and then inched higher to quote 75.14, registering a rise of 18 paise from the last close. On Tuesday, the rupee snapped its five-session losing streak and surged 28 paise to close at 75.32 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against…<\/p>\n","protected":false},"author":1,"featured_media":32456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/32642"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32642"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/32642\/revisions"}],"predecessor-version":[{"id":32643,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/32642\/revisions\/32643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/32456"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}