The rupee moves 2 paise lower to 74.09 against the US dollar – Mysuru Today

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Prime News, National and International, Business, New Delhi, April 30: – The Indian rupee broke its four-day winning streak and settled 2 points lower at 74.09 (tentative) against the US dollar on Friday, April 30 against a backdrop of lackluster national equity market trends.

In the interbank forex market, the local unit opened at 74.03 against the greenback and saw an intraday high of 73.95 and a low of 74.12.

It ultimately ended at 74.09 against the US dollar, recording a decline of 2 paise from its previous close. On Thursday April 289, the rupee stood at 74.07 against the US dollar.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, rose 0.22% to 90.80.

On the domestic stock market front, the BSE Sensex finished 983.58 points or 1.98 percent lower at 48,782.36; while the larger NSE Nifty lost 263.80 points or 1.77 percent to 14,631.10.

Futures contracts on Brent, the world’s benchmark for oil, fell 1.21% to $ 67.73 per barrel.

Foreign institutional investors were net buyers in the capital market as they bought shares worth Rs 809.37 crore on Thursday, according to foreign exchange data. (Contributions: agencies, NGB)

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