MUMBAI, Sept 9: The rupee snapped its three-day losing streak and closed 10 paise higher at 73.50 (provisional) against the US dollar on Thursday following recovery in the domestic equities.
At the interbank forex market, the local unit opened on a weak note at 73.77 against the greenback. During the session, the domestic unit witnessed an intra-day high of 73.48 and a low of 73.85.
It finally ended at 73.50, registering a rise of 10 paise over its previous closing. In the previous session, the rupee had settled at 73.60 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.11 per cent to 92.54.
Brent crude futures, the global oil benchmark, rose 0.29 per cent to USD 72.81 per barrel.
On the domestic equity market front, the BSE Sensex ended 54.81 points or 0.09 per cent higher at 58,305.07, while the broader NSE Nifty advanced 15.75 points or 0.09 per cent to 17,369.25.
Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 802.51 crore, as per exchange data. (AGENCIES)
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BIZ-GOLD-PRICE
Gold tumbles Rs 196; silver tanks Rs 830
New Delhi, Sept 9:
Gold in the national capital on Thursday tumbled Rs 196 to Rs 45,952 per 10 gram amid muted global trends, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 46,148 per 10 gram.
Silver also declined Rs 830 to Rs 62,715 per kg, from Rs 63,545 per kg in the previous trade.
In the international market, gold was quoting marginally higher at USD 1,793 per ounce and silver was flat at USD 24.05 per ounce.
Navneet Damani, vice-president (commodities research) of Motilal Oswal Financial Services, said, “Gold prices continue to hover below the USD 1,800 level, pressured by a stronger US dollar, and Fed officials comments signaling a tapering action before the end of this year.” (AGENCIES)
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