Rupee Vs Dollar Today: The rupee settled at 72.77 against the dollarThe rupee appreciated 19 paise versus the US dollar on Tuesday, May 25, to settle at 72.77 (provisional) against the United States dollar on Tuesday, tracking weak point in the American currency in the worldwide market.
At the interbank foreign exchange market, the domestic system opened at 72.85 against the dollar and registered an intra-day high of 72.75.
It saw a low of 72.87.
In an early trade session, the local system got 11 paise to 72.85 versus the greenback.
The rupee closed at 72.77 versus the American currency, registering a rise of 19 paise over its previous close.On Monday, May 24, the domestic currency settled at 72.96 versus the dollar.
On the other hand, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.26 percent to 89.61.
According to traders, the rupee got strength as the daily coronavirus cases decreased in the country.
$ rupee opening around 72.88 after being up to 72.96 the other day.
Dollar index likewise down.
The majority of currencies and equities in a combination mode after the substantial run-up seen in the last few days.
CNH at its current high of 6.41.
Dollar being relatively and squarely beaten guaranteeing a higher opening for rupee.
Exporters to sell close to 73.00 levels as RBI keeps taking in the flows while importers to buy near term at 73.80 levels, said Mr.
Anil Kumar Bhansali, Head of Treasury - Finrex Treasury Advisors.
On the domestic equity market front, the BSE Sensex ended 14.37 points or 0.03 per cent lower at 50,637.53, while the wider NSE Nifty climbed 10.75 points or 0.07 percent to 15,208.45.
In an unstable trading session, markets failed to hang on to its early gains and ended on a combined note.
This indicates that the expiration pressure is higher in the market.
Technology and FMCG stocks were the strengths of the market today, else the marketplace would have closed in negative area.
The Nifty has made a higher bottom at 15163 and rebounded sharply to close above the previous day's closing.
It appears like the market is preparing to cross the all-time greatest level, which is at 15431, said Shrikant Chouhan, Executive Vice President, Equity Technical Research Study at Kotak Securities.According to exchange information, the foreign institutional financiers were net buyers in the capital market on Might 24 as they acquired shares worth Rs 585.36 crore.
Brent unrefined futures, the worldwide oil benchmark, fell 0.50 percent to $68.12 per barrel.