HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee end marginally higher against dollar
Aug-10-2020

Indian rupee ended marginally higher against dollar on Monday as banks and exporters continued to sell the US currency amid persistent capital inflows. This is the second consecutive session when the rupee is traded higher against dollar. Sentiments remained optimistic as overseas investors remained net buyers in Indian markets by investing a net Rs 8,327 crore in the first week of August amid better than expected results by big Indian companies. Foreign portfolio investors (FPI) invested a net Rs 7,842 crore in equities and Rs 485 crore in the debt segment between August 3-6. Support also came in as Niti Aayog CEO Amitabh Kant said that the India's FDI regime is the most liberal in the world, and even during the COVID-19 pandemic, the country has attracted over $22 billion worth of direct investments. On the global front; dollar rose on Monday, including versus the euro and Swiss franc, with investors focusing on fiscal stimulus in the United States and U.S.-China tensions ahead of key trade talks on August 15.

Finally, the rupee ended at 74.90, 3 paise stronger from its previous close of 74.93 on Friday. The currency touched a high and low of 74.96 and 74.85 respectively. The reference rate for the dollar stood at 74.95 and for Euro stood at 88.78 on August 07, 2020. While the reference rate for the Yen stood at 71.01, the reference rate for the Great Britain Pound (GBP) stood at 98.39.

  RELATED NEWS >>