Rupee on August 24: Here’s how it fared against other currencies

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The Indian rupee against the dollar has ended at 74.19 today. The currency rate differs daily and is updated frequently due to change in economic performance, inflation, interest rate differentials, and capital flows. On Tuesday, the rupee closed at 74.19 (provisional) as it appreciated by 3 paise. This was pushed by the strong rally in the domestic equities. The investor sentiment was affected by the strong American currency in the overseas market and rising crude prices, according to the forex traders.

The local unit opened strong at 74.12 against the greenback at the interbank forex market. In the day trade, it moved in a range of 74.11 to 74.20. Registering a rise of 3 paise over its previous close, it ended at 74.19 against the American currency.

The 30-share index Sensex settled 403 points, or 0.73%, higher at 55,958. Likewise, the 50-share Nifty index closed 128.15 points, or 0.78%, higher at 16,624.

The rupee had settled at 74.22 against the US dollar on August 23. The dollar index which tracks the greenback’s strength against a group of six currencies, dipped 0.27% to 93.04.

Brent crude futures, the global oil benchmark, increased 1.34% to $69.67 per barrel.

In the capital market on August 20, foreign institutional investors were net sellers. FPIs offloaded shares worth Rs 1,363.36 crore, according to the exchange data.

Check the exchange rate of currencies against the Indian rupee