• Latest
Rupee Gains 5 Paise to Trade at 83.24 Against US Dollar in Early Trading

Rupee Gains 5 Paise to Trade at 83.24 Against US Dollar in Early Trading

May 31, 2024
Still I Dream of Being a Mother: Samantha Opens Up About Motherhood

Samantha’s Silent Break: How a Digital Detox Changed Her Life

July 9, 2025
Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge

Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge

July 9, 2025
Siddhu Jonnalagadda Turns Gritty in 'Badass': First Look Makes Bold Statement

Siddhu Jonnalagadda Turns Gritty in ‘Badass’: First Look Makes Bold Statement

July 9, 2025
Leaders Unite Against Derogatory Remarks on TDP MLA Prashanthi Reddy

Bhuvaneswari, Purandeswari Slam YSRCP Leader Over Insult to Woman MLA

July 9, 2025
Shubman Gill Tipped as Heir to the ‘Fab Four’ Legacy by Mark Ramprakash

Shubman Gill Tipped as Heir to the ‘Fab Four’ Legacy by Mark Ramprakash

July 9, 2025
NTR’s Star Power Boosts Buzz for 'War 2' Across India and Overseas

NTR’s Star Power Boosts Buzz for ‘War 2’ Across India and Overseas

July 9, 2025
Pawan Kalyan’s Period Film Nears Release

Pawan Kalyan’s Period Film Nears Release

July 9, 2025
Vijay Deverakonda Sparks Debate with Candid Statement Ahead of Kingdom Release

Vijay Deverakonda Sparks Debate with Candid Statement Ahead of Kingdom Release

July 9, 2025
KTR Slams Rahul Gandhi Over ‘Bulldozer Raj’, Alleges Targeting of the Poor

KTR Slams Rahul Gandhi Over ‘Bulldozer Raj’, Alleges Targeting of the Poor

July 9, 2025
Apple Names Sabih Khan as New COO Amid Strategic Global Shift

Apple Names Sabih Khan as New COO Amid Strategic Global Shift

July 9, 2025
Alia Bhatt’s Ex-Secretary Held for ₹77 Lakh Fraud

Alia Bhatt’s Ex-Secretary Held for ₹77 Lakh Fraud

July 9, 2025
Modi Welcomed in Brazil with Ram Bhajan, Strengthens Ties with Lula

Modi Welcomed in Brazil with Ram Bhajan, Strengthens Ties with Lula

July 9, 2025
Saturday, July 19, 2025
  • Login
CredTimes.com : Formerly known as TollywoodTimes.com
720 X 90 Advertisement
ADVERTISEMENT
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education
No Result
View All Result
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education
No Result
View All Result
CredTimes.com : Formerly known as TollywoodTimes.com
Home Business

Rupee Gains 5 Paise to Trade at 83.24 Against US Dollar in Early Trading

Rajeshwari R by Rajeshwari R
May 31, 2024
in Business
Reading Time: 2 mins read
0
Rupee Gains 5 Paise to Trade at 83.24 Against US Dollar in Early Trading

Rupee Gains 5 Paise to Trade at 83.24 Against US Dollar in Early Trading

6.8k
SHARES
19.5k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Mumbai: The Indian rupee strengthened by 5 paise to 83.24 against the US dollar in early trading on Friday, buoyed by positive sentiment in domestic equity markets and a decline in global crude oil prices.

Forex analysts noted that despite the robust performance of domestic equities, the rupee faced pressure from a strong US dollar and continued foreign capital outflows.

Market participants are anticipated to closely monitor upcoming domestic macroeconomic indicators scheduled for release later today.

At the interbank foreign exchange market, the rupee commenced trading at 83.25 and advanced to 83.24 against the dollar in initial transactions, marking a 5 paise increase from its previous close.

In Thursday’s session, the rupee had appreciated by 11 paise to conclude at 83.29 against the US dollar.

Meanwhile, the dollar index, which measures the greenback against a basket of six major currencies, recorded a modest gain of 0.13 percent to reach 104.79.

Recent US GDP figures for the first quarter of the year, released on Thursday, revealed a slower growth rate of 1.3 percent, below the anticipated 1.6 percent, prompting expectations of potential interest rate cuts by the Federal Reserve.

In global oil markets, Brent crude futures, the benchmark for international oil prices, retreated by 0.38 percent to USD 81.55 per barrel.

On the domestic front, the 30-share BSE Sensex surged by 500.19 points or 0.68 percent to reach 74,385.79 points in early trade, while the broader NSE Nifty climbed 143.80 points or 0.64 percent to 22,632.45 points.

According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday, offloading shares valued at Rs 3,050.15 crore.

Tags: Equity marketsIndiaTOPUS dollar

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Still I Dream of Being a Mother: Samantha Opens Up About Motherhood

Samantha’s Silent Break: How a Digital Detox Changed Her Life

July 9, 2025
Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge

Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge

July 9, 2025
Siddhu Jonnalagadda Turns Gritty in 'Badass': First Look Makes Bold Statement

Siddhu Jonnalagadda Turns Gritty in ‘Badass’: First Look Makes Bold Statement

July 9, 2025
No Result
View All Result

Recent News

  • Samantha’s Silent Break: How a Digital Detox Changed Her Life
  • Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge
  • Siddhu Jonnalagadda Turns Gritty in ‘Badass’: First Look Makes Bold Statement
  • Bhuvaneswari, Purandeswari Slam YSRCP Leader Over Insult to Woman MLA

We bring you the latest updates on Indian political affairs, business trends, sports highlights, and the glitz and glamour of the entertainment world. Stay tuned for comprehensive coverage of movie releases and reviews, ensuring you're always in the know. Trust CredTimes.com to keep you informed and credible.

  • About Us
  • Privacy & Policy
  • Contact Us

© 2024 All Rights Reserved. CredTimes.com (Formerly known as TollywoodTimes.com)

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education

© 2024 All Rights Reserved. CredTimes.com (Formerly known as TollywoodTimes.com)