RUPEE GAINS MARGINALLY TO 72.92 AGAINST DOLLAR AS RBI KEEPS LENDING RATE UNCHANGED

Rupee appreciated against all of the currency in the basket except GBP. The rupee opened at 72.98, without much deviation from Thursday’s closing level. Rupee finally finished at 72.92, higher by 4 paise over its last close, hit an intra-day high 72.79 and a low of 72.99 against US dollar. Indian Rupee gained strength amid surge in domestic markets and as Reserve Bank of India kept repo rate unchanged at 4.0 per cent and maintained its accommodative stance. However, sharp upside was prevented on strong dollar and surge in crude oil prices.

On the domestic equity market front, the BSE Sensex ended 117.34 points or 0.23 per cent higher at 50,731.63, while the broader NSE Nifty climbed 28.60 points or 0.19 per cent to 14,924.25.

USD traded mixed on today. USD traded up against EUR, JPY while down against INR, GBP etc.