Rupee recoups day's losses, ends 13 paisa higher against USD
Mumbai: The rupee staged a rebound from the day's lowest level to settle 13 paise higher at 73.71 against the US dollar on Tuesday, buoyed by upbeat domestic equities and greenback selling by exporters.
At the interbank forex market, the domestic unit opened on a weak note at 73.94 against the greenback but soon staged a smart recovery.
During the session, the domestic unit witnessed an intra-day high of 73.71 and a low of 73.94 against the greenback.
It finally closed at 73.71, registering a gain of 13 paise over its previous close of 73.84 against the US currency.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 percent to 93.11.
On the equity market front, the BSE Sensex ended 376.60 points or 0.94 percent higher at 40,522.10; and the NSE Nifty was 121.65 points or 1.03 percent up at 11,889.40.
"The Indian rupee appreciated against the US dollar on Tuesday supported by strong local shares and persistent greenback sales by exporters. Hopes of higher foreign inflows also aided the local unit," said Sriram Iyer,
Senior Research Analyst at Reliance Securities. Moreover, Asian currencies were broadly stronger against the US Dollar and lent support to the local unit, Iyer added.
Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 3,514.89 crore on a net basis on Tuesday, according to exchange data.
Brent crude futures, the global oil benchmark, increased 0.52 percent to USD 40.67 per barrel.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
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…
