Rupee rebounds 40 paise to close at 74.36 a dollar
Mumbai: The Indian rupee on Thursday staged a smart recovery to end at 74.36 against the US dollar, clocking a gain of 40 paise amid positive sentiments in domestic and global markets.
Weakness in American currency against its key rivals also supported the Indian unit, forex traders said.
At the interbank forex market, the domestic unit opened at 74.35 against the US dollar and saw an intra-day high of 74.25 and a low of 74.41.
It finally closed at 74.36, registering a rise of 40 paise over its previous close.
On Wednesday, the rupee had plunged by 35 paise to close at its weakest level in over 10 weeks at 74.76.
"Indian rupee gained in line with the other Asian peers. Risk-on sentiments supported the Asian currencies with the dollar falling across the board," said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.22 percent down at 93.20.
On the domestic equity market front, the BSE Sensex closed at 41,340.16, up 724.02 points or 1.78 percent; and the broader NSE Nifty zoomed 211.80 points or 1.78 percent to finish at 12,120.30.
Vakil further said that "domestic equity indices are going to attract fund flows and that will keep check on rupee depreciation for next few sessions.
"We feel Rupee has completed its recent round of depreciation yesterday and is likely to consolidate between 74 to 74.5 range, he added.
Foreign institutional investors were net buyers in the capital market as they purchased shares worth a whopping Rs 5,368.31 crore on Thursday, exchange data showed.
Meanwhile, Brent crude futures, the global oil benchmark, fell 0.75 percent to USD 40.92 per barrel
"The Indian rupee appreciated against the US currency on Thursday supported by upbeat local equities amid a probability that Democrat Joe Biden could win the US Presidential elections," said Sriram Iyer, Senior Research Analyst at Reliance Securities.
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Shehbaz Sharif says ceasefire extends beyond Iran, including “Lebanon and elsewhere”
Islamabad: Pakistan’s Prime Minister Shehbaz Sharif has said the ceasefire agreement between Iran, the United States and their allies extends beyond the immediate conflict and includes “Lebanon and elsewhere,” adding that it is effective immediately.
In a social media post, Sharif said, “I warmly welcome the sagacious gesture extend deepest gratitude to the leadership of both the countries and invite their delegations to Islamabad on Friday, 10th April 2026, to further negotiate for a conclusive agreement to settle all disputes.”
He said both sides had shown “remarkable wisdom and understanding” and remained constructively engaged in efforts aimed at peace and stability during the high-stakes mediation process.
“We earnestly hope that the ‘Islamabad Talks’ succeed in achieving sustainable peace and wish to share more good news in coming days,” Sharif added.
With the greatest humility, I am pleased to announce that the Islamic Republic of Iran and the United States of America, along with their allies, have agreed to an immediate ceasefire everywhere including Lebanon and elsewhere, EFFECTIVE IMMEDIATELY.
— Shehbaz Sharif (@CMShehbaz) April 7, 2026
I warmly welcome the…
