July 31, 2021
Economy

Rupee gains 21 paise to 74.43 against U.S. dollar in early trade

On Friday, the rupee had settled at 74.64 against the U.S. dollar.

The Indian rupee strengthened by 21 paise to 74.43 against the U.S. dollar in early trade on Monday, tracking a firm trend in the domestic equity market.

At the interbank foreign exchange, the domestic unit opened at 74.49 against the dollar, then inched higher to 74.43, registering a gain of 21 paise over its previous close.

On Friday, the rupee had settled at 74.64 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.06% up at 92.18.

Also read: Sensex surges over 240 points in early trade, Nifty tops 15,770

“Flows from Zomato IPO should start hitting the market as dollar eases after the Reserve Bank of India strongly ensured that 74.80 is not breached on the upside,” said Anil Kumar Bhansali, Head of Treasury, Finrex…

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