{"id":9475,"date":"2021-12-17T16:11:58","date_gmt":"2021-12-17T10:41:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-rupee-close-2\/"},"modified":"2021-12-17T16:34:43","modified_gmt":"2021-12-17T11:04:43","slug":"biz-rupee-close-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-rupee-close-2\/","title":{"rendered":"Rupee pares initial losses to close at 76.06 against dollar"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-564864055\"><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 17 (PTI The rupee pared its initial losses to settle marginally up by 3 paise at 76.06 (provisional) against the US dollar on Friday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2269589225\"><!-- 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> The local unit, however, recorded its fourth weekly decline amid growing concerns over the Omicron variant of coronavirus. Firming up of crude oil prices too weighed on the local unit.<\/p>\n<p> At the interbank foreign exchange market, the rupee opened lower at 76.23 a dollar, registering a decline of 14 paise from the last close. During the day, it pared its losses and settled at 76.06 (provisional) against the American currency.<\/p>\n<p> On Thursday, the rupee settled at 76.09 against the greenback.<\/p><div class=\"trade-content_5\" id=\"trade-714236385\"><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> Meanwhile, the US dollar index, which measures the greenback&#8217;s strength against the basket of six currencies, fell 0.08 per cent to 95.96.<\/p>\n<p> &#8220;Indian rupee stabilised today after hitting lowest level of 20 months this week, but recorded fourth weekly decline to close at 76.09 a dollar amid risk averse sentiments, policy divergence, foreign fund outflows and higher trade deficit number,&#8221; said Dilip Parmar- Research Analyst, HDFC Securities.<\/p>\n<p> The Reserve Bank of India&#8217;s policy divergence with the US Fed remains sizeable, which weighed on the local unit along with higher imports, Parmar said.<\/p>\n<p> Going ahead, trading volumes are set to decline as forex markets head into the Christmas break. &#8220;As major events of the year are almost done, we expect forex markets to stay calm in the coming week,&#8221; he added.<\/p>\n<p> Brent crude futures, the global oil benchmark, fell 1.45 per cent to USD 73.93 per barrel.<\/p>\n<p> Foreign institutional investors remained net sellers in the capital market on Thursday, as they offloaded shares worth Rs 1,468.71 crore, as per exchange data.<\/p><div class=\"trade-content-10\" id=\"trade-517698014\"><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<p> On the domestic equity market front, the BSE Sensex ended 889.40 points or 1.54 per cent lower at 57,011.74, while the broader NSE Nifty declined 263.20 points or 1.53 per cent to 16,985.20. PTI DRR  MKJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-156057788\"><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 17 (PTI The rupee pared its initial losses to settle marginally up by 3 paise at 76.06 (provisional) against the US dollar on Friday. The local unit, however, recorded its fourth weekly decline amid growing concerns over the Omicron variant of coronavirus. Firming up of crude oil prices too weighed on the local [&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-9475","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 pares initial losses to close at 76.06 against 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-rupee-close-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rupee pares initial losses to close at 76.06 against dollar\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Dec 17 (PTI The rupee pared its initial losses to settle marginally up by 3 paise at 76.06 (provisional) against the US dollar on Friday. 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