Mumbai, June 20: The rupee appreciated by 7 paise to settle at 77.98 (provisional) against the US dollar on Monday as crude oil prices retreated from elevated levels.
However, unabated foreign fund outflows restricted the appreciation bias in the rupee, forex dealers said.
At the interbank forex market, the local unit opened strong at 77.98 against the greenback and witnessed an intra-day high of 77.87 and a low of 78.03.
It finally settled at 77.98, a rise of 7 paise over its previous close of 78.05.
“Rupee consolidated in a broad range despite volatility in domestic and global equities. Fed projection showed economic growth slowing to a below-trend rate of 1.7 per cent,” said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.
On the domestic equity market front, the BSE Sensex ended 237.42 points or 0.46 per cent higher at 51,597.84, while the broader NSE Nifty advanced 56.65 points or 0.37 per cent to 15,350.15.
The dollar index, which measures the greenback’s strength against a basket of six currencies, was down 0.37 per cent at 104.31.
Brent crude futures, the global oil benchmark, fell 0.11 per cent to USD 112.99 per barrel.
Foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 7,818.61 crore, as per exchange data. (agencies)
&&&
BIZ-STOCKS-CLOSE
Markets halt 6-day losing streak; Sensex jumps 237 pts in choppy trade
Mumbai, June 20:
Snapping a six-day losing run, equity indices settled in the green after a highly volatile session on Monday, with the Sensex climbing 237 points amid positive cues from European markets.
The BSE benchmark gained 237.42 points or 0.46 per cent to settle at 51,597.84. During the day, it hit a high of 51,714.61 and a low of 51,062.93.
The NSE Nifty ended 56.65 points or 0.37 per cent higher at 15,350.15.
From the Sensex pack, Hindustan Unilever, HDFC, Wipro, UltraTech Cement, Asian Paints and HDFC Bank were among the biggest gainers.
On the other hand, Tata Steel, IndusInd Bank, Reliance Industries, M&M, NTPC and State Bank of India were among the major laggards.
In Asia, markets in Tokyo, Seoul and Shanghai settled lower, while Hong Kong ended with gains.
European markets were trading in the green in mid-session deals.
Meanwhile, international oil benchmark Brent crude gained 0.06 per cent to USD 113.2 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 7,818.61 crore on Friday, as per exchange data. (agencies)
Follow our WhatsApp channel
