Rupee slips 7 paise to close at 74.15 against USD
Mumbai: The rupee gave up intra-day gains to settle 7 paise lower at 74.15 against the US dollar on Monday, tracking weaker Asian peers against the greenback.
Higher crude oil prices also put pressure on the Indian currency.
At the interbank foreign exchange, the domestic currency opened higher at 73.95 a dollar and gained further strength to touch a high of 73.83 during the day.
It, however, could not hold on to the gains and finally settled at 74.15 against the greenback, 7 paise lower over its previous close.
Forex traders said that the rupee declined in spite of record buying in equities as strengthening the US dollar against key rivals in Asia and elsewhere turned sentiment unfavorable in the domestic forex market.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.14 percent to 92.35.
Brent crude futures, the global oil benchmark, rose 2.15 percent to USD 40.30 per barrel.
Sriram Iyer, Senior Research Analyst at Reliance Securities, said, the rupee is likely to "appreciate marginally over the next few days amid portfolio flows into the domestic markets and a weaker US dollar. The only factor limiting the gains of the currency will be RBI coming in and mopping up the flows."
Exchange data showed that foreign investors bought equities worth Rs 4,548.39 crore on a net basis on Monday.
On the equity market front, the BSE Sensex ended 704.37 points or 1.68 percent higher at 42,597.43 -- its record closing high.
Similarly, the broader NSE Nifty ended at a lifetime high of 12,461.05, up 197.50 points or 1.61 percent.
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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…
