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Rupee opens on flat note, rises 5 paise to 73.26 against US dollar in early trade

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The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.03 to 90.50. Global oil benchmark Brent crude futures rose 0.88 to USD 74.64 per barrel.

Rupee opens on flat note, rises 5 paise to 73.26 against US dollar in early trade
The Indian rupee opened on a flat note and inched higher by 5 paise to 73.26 against the US dollar in early trade on Wednesday ahead of the US Federal Reserve meeting outcome. At the interbank foreign exchange, the domestic unit opened at 73.29 against the dollar, then inched higher to quote 73.26, a rise of 5 paise over its previous close of 73.31 on Tuesday.
The Indian Rupee started on a flat note this Wednesday against the greenback as investors await the important Fed meeting outcome for further cues, Reliance Securities said in a research note. ”Asian currencies have started weaker against the greenback this Wednesday morning and will weigh on sentiments. Additionally, investors will be wary of rising crude oil prices as well,” the note added.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.03 to 90.50. Global oil benchmark Brent crude futures rose 0.88 to USD 74.64 per barrel.
On the domestic equity market front, BSE Sensex was trading 160.88 points or 0.30 percent lower at 52,612.17, while the broader NSE Nifty fell 64.65 points or 0.41 percent to 15,804.60. Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 633.69 crore, as per exchange data.

Market Movers

CompanyPriceChng%Chng
Titan Company1,769.65 55.10 3.21
Shree Cements29,112.60 846.85 3.00
Britannia3,523.50 100.10 2.92
Adani Ports689.75 15.25 2.26
Eicher Motors2,584.30 54.05 2.14
CompanyPriceChng%Chng
Titan Company1,770.35 55.85 3.26
M&M757.85 14.65 1.97
Axis Bank720.55 11.55 1.63
Reliance2,067.65 32.25 1.58
IndusInd Bank993.00 12.00 1.22
CompanyPriceChng%Chng
UPL789.40 -19.15 -2.37
Tata Steel1,411.80 -22.50 -1.57
Tech Mahindra1,198.35 -11.20 -0.93
Power Grid Corp169.65 -1.50 -0.88
NTPC117.25 -0.95 -0.80
CompanyPriceChng%Chng
Tata Steel1,412.00 -21.75 -1.52
Tech Mahindra1,198.40 -11.05 -0.91
Power Grid Corp169.70 -1.35 -0.79
NTPC117.20 -1.00 -0.85
Bajaj Finserv14,114.90 -106.40 -0.75

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.3575-0.0525-0.07
Euro-Rupee88.36600.17300.20
Pound-Rupee103.53500.25100.24
Rupee-100 Yen0.6779-0.0008-0.12