Rupee surges 23 paise to 75.67 against U.S. dollar in early trade
The Hindu
On March 30, the rupee dropped by 17 paise to close at 75.90 against the U.S. dollar
The rupee advanced 23 paise to 75.67 against the U.S. dollar in the opening trade on March 31, supported by positive domestic equities and a fall in crude oil prices.
At the interbank foreign exchange, the rupee opened at 75.67 against the U.S. dollar, registering a rise of 23 paise from the previous close.
On March 30, the rupee dropped by 17 paise to close at 75.90 against the U.S. dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.14% to 97.92.
Global oil benchmark Brent crude futures fell 4.54% to $108.30 per barrel after reports surfaced that U.S. President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve to control energy prices.
Meanwhile, the International Monetary Fund on Wednesday said that India has received a record number of foreign direct investments during the last few years despite the COVID-19 crisis, and has quite a few safeguards in place to mitigate the risks from capital flows.
On the domestic equity market front, the 30-share Sensex was trading 152.24 points or 0.26% higher at 58,836.23, while the broader NSE Nifty surged 44.40 points, or 0.25%, to 17,542.65.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.