{"id":10302,"date":"2021-12-21T17:32:57","date_gmt":"2021-12-21T12:02:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ld-rupee-17\/"},"modified":"2021-12-21T17:51:13","modified_gmt":"2021-12-21T12:21:13","slug":"biz-ld-rupee-17","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ld-rupee-17\/","title":{"rendered":"Rupee spurts 31 paise to nearly 2-week high against USD, rises for 4th day"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4217507965\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       \t Mumbai, Dec 21 (PTI) Rising for a fourth straight session, the rupee surged by 31 paise to close at a nearly two-week high of 75.59 against the US dollar on Tuesday as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3679441961\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        Risk sentiment recovered in global markets, helping riskier assets and emerging currencies post gains against the dollar, analysts said.<\/p>\n<p>        At the interbank forex market, the domestic unit opened strong at 75.74 against the greenback and witnessed an intra-day high of 75.41 and a low of 75.74 during the day&#8217;s trade. It finally ended at 75.59 a dollar, the highest closing level since December 8.<\/p>\n<p>        In the previous session, the rupee had settled at 75.90 against the US dollar. Aided by low crude prices, the local unit has appreciated by almost 1 per cent or 73 paise in the four sessions to Tuesday.<\/p><div class=\"trade-content_5\" id=\"trade-1078010615\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        &#8220;Indian rupee continued its upward momentum for a fourth day in a row as dollar index retracted while risk sentiment recovers. The RBI was absent over the past few weeks, but yesterday\u2019s announcement of the auction of VRRR worth Rs 2 lakh crore on Wednesday indicated policy normalisation.<\/p>\n<p>        \u201cRupee has seen pullback from its 20 months lows but difficult to say that pain is over as foreigners are continuously selling and Fed is heading for rate hike as early as the first quarter of 2022,\u201d Dilip Parmar- Research Analyst, HDFC Securities, said.<\/p>\n<p>        On the domestic equity market front, the BSE Sensex surged 497.00 points or 0.89 per cent to end at 56,319.01 while the broader NSE Nifty jumped 156.65 points or 0.94 per cent to 16,770.85.<\/p>\n<p>        Meanwhile, the dollar index, which gauges the greenback&#8217;s strength against a basket of six currencies, declined 0.20 per cent to 96.35.<\/p>\n<p>        Brent crude futures, the global oil benchmark, surged 0.87 per cent to USD 72.14 per barrel.<\/p>\n<p> Foreign institutional investors remained net sellers in the capital market on Monday, as they offloaded shares worth Rs 3,565.36 crore, according to exchange data.                  &#8220;Rupee traded positive above 75.70 amid weakness in dollar and positive trend in capital markets. Crude kept the gains limited as 75.50 acts as resistance. Going ahead rupee can be seen in range of 75.40-76.00,&#8221; Jateen Trivedi, Senior Research Analyst at LKP Securities said. PTI BAL MR   MR<\/p><div class=\"trade-content-10\" id=\"trade-431881076\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-722515453\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Dec 21 (PTI) Rising for a fourth straight session, the rupee surged by 31 paise to close at a nearly two-week high of 75.59 against the US dollar on Tuesday as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment. Risk sentiment recovered in global markets, helping riskier [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1795,31],"tags":[],"class_list":["post-10302","post","type-post","status-publish","format-standard","hentry","category-foreign-exchange-and-rupee-price","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rupee spurts 31 paise to nearly 2-week high against USD, rises for 4th day - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ld-rupee-17\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rupee spurts 31 paise to nearly 2-week high against USD, rises for 4th day\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Dec 21 (PTI) Rising for a fourth straight session, the rupee surged by 31 paise to close at a nearly two-week high of 75.59 against the US dollar on Tuesday as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment. 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