Indian Rupee: The rupee strengthens by 12 paise, at the top of a week, the support provided by softening crude oil prices

Posted on 26th Jul 2022 02:11 pm by rohit kumar

The rupee on Monday gained 12 paise to close at 79.78 against the dollar. This is the one-week high of the rupee since July 14. A rise in other foreign currencies and a softening in crude oil supported the domestic currency.

 

 

The rupee opened at 79.86 in the interbank foreign exchange market. During trading, it was in the range of 79.70 to 79.87. Dilip Parmar of HDFC Securities said Rupee has started the trading week strongly against the dollar. This also contributed to the softening of crude oil prices and the strengthening of regional currencies.

 

 

Gold was marginally cheaper, silver also slipped by Rs 1,331: In the Delhi bullion market, gold was cheaper by Rs 5 to Rs 51,145 per 10 grams. Silver became cheaper from Rs 1,331 to Rs 54,351 per kg.

 

halts for 6 days, drops 306 points

The continued rally in the domestic stock market for the last six trading sessions came to an end on Monday. Profit-booking in shares of oil-gas, auto, and telecom companies and capital outflow of foreign institutional investors led to the fall in the domestic market. With this, the Sensax closed 306.01 points lower at 55,766.22. Nifty closed at 16,631, down 88.45 points.

 

Also Read: Future Group-Amazon: Shock to Biyani and Amazon, Future Retail declared bankruptcy, order to act on BOI's petition

Other news

Salman Khan: 'Silence on Operation Sindoor, misses the Army to earn money', Salman gets trolled after sharing a glimpse of 'Galwan'

Salman Khan will be seen in the film 'Battle of Galwan'. The poster of the film was released on F

Parsi New Year 2022: Today is Parsi New Year 'Navroz', know its tradition, history and importance

Parsi New Year 2022: Today the Parsi community is celebrating Navroz i.e. New Year. Navroz is als

Russia Ukraine War: Putin, desperate to win the war at any cost, gave the responsibility of the Ukraine War to the 'Butcher'

General Sergei Surovikin known as Butcher of Syria: The Russia-Ukraine war that has been going on

Ram Mandir: Mohan Bhagwat said - Pran Pratishtha, announced that India standing on its own, said - enthusiasm in every house

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat was invited to attend the consecration cere

Prime Minister Narendra Modi reached Amritsar: met the Mukhi of Dera Beas, before the Himachal elections

Prime Minister Narendra Modi reached Amritsar on Saturday morning. His helicopter landed directly

DU UG Admission 2022: Delhi University starts CSAS registration, choice filling for the second phase till 10

DU UG Admission 2022: The University of Delhi (DU) has started the registration for the Common Se

116 killed in earthquake in China: When high-rise buildings became piles of debris due to 6.1 magnitude tremors, see

Earthquake Today in China: So far 116 people have been confirmed dead in the earthquake that occu

Sonakshi Sinha did a romantic dance while cutting the cake with their husband Zaheer Iqbal, this video of the couple went viral

Sonakshi Sinha, daughter of Bollywood veteran actor Shatrughan Sinha, has now become Mrs from Mis

SRH vs GT: Hyderabad suffers fourth defeat, Gujarat registers third consecutive win due to all-round performance

Sunrisers Hyderabad lost the match against Gujarat on Sunday. The guests defeated them by seven w

Joe Biden: Biden's big attack on Hamas-Putin, said - both are enemies of democracy, Ukraine-Israel important for US

US President Joe Biden, in his address to the nation from the Oval Office, said that both Hamas a