: Rupee surges 17 paise to close at 74.22 against US dollar #IndiaNEWS #Social Trends Mumbai: The rupee gained 17 paise to close at 74.22 (provisional) against the US dollar on Monday, supported by

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Rupee surges 17 paise to close at 74.22 against US dollar #IndiaNEWS #Social Trends
Mumbai: The rupee gained 17 paise to close at 74.22 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and weak American currency overseas.
However, surging crude prices in the international market restricted the rupees gain, forex traders said.
At the interbank forex market, the local unit opened strong at 74.27 against the greenback and moved in a range of 74.22 to 74.30 in the day trade.
It finally ended at 74.22 against the American currency, registering a rise of 17 paise over its previous close.  On Friday, the rupee had settled at 74.39 against the US dollar.
Meanwhile, the dollar index, which gauges the greenbacks strength against a basket of six currencies, dipped 0.25 per cent to 93.27.
On the domestic equity market front, the BSE Sensex ended 226.47 points or 0.41 per cent higher at 55,555.79, while the broader NSE Nifty advanced 45.95 points or 0.28 per cent to 16,496.45.
Brent crude futures, the global oil benchmark, increased 3.45 per cent to USD 67.43 per barrel.
Meanwhile, foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 2,287.03 crore, according to the exchange data. (AGENCIES)
The post Rupee surges 17 paise to close at 74.22 against US dollar appeared first on Jammu Kashmir Latest News | Tourism | Breaking News J&K.

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