Rupee on August 23: Here’s how it fared against other currencies

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The Indian rupee against the dollar has ended at 74.22 today. The currency rate differs daily and is updated frequently due to change in economic performance, inflation, interest rate differentials, and capital flows.

On Monday, the rupee closed at 74.22 (provisional) as it gained over 17 paise. This was pushed by the strong trend in domestic equities and weak American currency overseas.

The rupee’s gain was restricted by the rising crude prices in the international market, as per forex traders. The local unit opened strong at 74.27 against the greenback at the interbank forex market. In the day trade, it moved in a range of 74.22 to 74.30. Registering a rise of 17 paise over its previous close, it ended at 74.22 against the American currency.

The rupee had settled at 74.39 against the US dollar on August 20. The dollar index which tracks the greenback’s strength against a group of six currencies, dipped 0.25% to 93.27.

BSE Sensex ended 226.47 points or 0.41% higher at 55,555.79, while the broader NSE Nifty advanced 45.95 points or 0.28% to 16,496.45.

Brent crude futures, the global oil benchmark, increased 3.45 per cent to USD 67.43 per barrel.

In the capital market on August 20, foreign institutional investors were net sellers. FPIs offloaded shares worth Rs 2,287.03 crore, according to the exchange data.

Check the exchange rate of currencies against the Indian rupee