{"id":9274,"date":"2021-12-16T18:09:19","date_gmt":"2021-12-16T12:39:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ld-rupee-14\/"},"modified":"2021-12-16T18:14:15","modified_gmt":"2021-12-16T12:44:15","slug":"biz-ld-rupee-14","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ld-rupee-14\/","title":{"rendered":"Rupee posts first rise in 7 days, ends 23 paise higher at 76.09 a dollar"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3639100121\"><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> Mumbai, Dec 16 (PTI) The rupee on Thursday clocked its first gain in seven sessions, rebounding 23 paise to close at 76.09 against the US dollar as participants took note of weakening of the greenback after US Fed turned hawkish.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3036524944\"><!-- 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> At the interbank forex market, the local unit opened at 76.31 against the greenback and witnessed an intra-day high of 76.06 during the day&#8217;s trade.<\/p>\n<p> On Wednesday, the rupee plunged by 44 paise to close at a 20-month low of 76.32 against the American currency.<\/p>\n<p> &#8220;Rupee traded positive on US Fed statement of tapering, but economic data relevance did not support the dollar index, helping the rupee to take support near 76.25. Going ahead rupee can be seen range of 75.75-76.25,&#8221; Jateen Trivedi, Senior Research Analyst at LKP Securities said.<\/p><div class=\"trade-content_5\" id=\"trade-1025856138\"><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> The US Federal Reserve signaled multiple interest rate increases next year.<\/p>\n<p> Forex traders said the appreciation bias in the rupee might be curtailed, amid growing concerns over the Omicron variant of coronavirus, firm crude oil prices and persistent foreign fund outflows.<\/p>\n<p> Meanwhile, the US dollar index, which measures the greenback&#8217;s strength against the basket of six currencies, fell 0.37 per cent to 96.15.<\/p>\n<p> Brent crude futures, the global oil benchmark, rose 1.12 per cent to USD 74.71 per barrel.<\/p>\n<p> Foreign institutional investors were net sellers in the capital market on Wednesday, as they offloaded shares worth Rs 3,407.04 crore, according to stock exchange data.<\/p>\n<p> On the domestic equity market front, the BSE Sensex ended 113.11  points or 0.20 per cent higher at 57,901.14, while the broader NSE Nifty advanced 27.00 points or 0.16 per cent to 17,248.40. PTI DRR  MKJ<\/p><div class=\"trade-content-10\" id=\"trade-965237762\"><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-3636641077\"><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 16 (PTI) The rupee on Thursday clocked its first gain in seven sessions, rebounding 23 paise to close at 76.09 against the US dollar as participants took note of weakening of the greenback after US Fed turned hawkish. At the interbank forex market, the local unit opened at 76.31 against the greenback and [&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-9274","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 posts first rise in 7 days, ends 23 paise higher at 76.09 a dollar - 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-14\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rupee posts first rise in 7 days, ends 23 paise higher at 76.09 a dollar\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Dec 16 (PTI) The rupee on Thursday clocked its first gain in seven sessions, rebounding 23 paise to close at 76.09 against the US dollar as participants took note of weakening of the greenback after US Fed turned hawkish. 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