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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RCB calmer than last year, players clear about their roles: Krunal Pandya
Bengaluru (PTI): The atmosphere in the Royal Challengers Bengaluru camp is much calmer than last year and players have a lot more understanding of their roles this season, says Krunal Pandya.
RCB won the Indian Premier League trophy for the first time in 18 years in 2025 and Pandya was the Man-of-the-Match in the final against Punjab Kings at Ahmedabad, returning 4-0-17-2 as RCB won the contest by six runs.
"I feel that this year there is a much calmer atmosphere. Last year it was a new team, and everyone got to know each other. This year many players understand their roles and each other's strengths and weaknesses," Pandya said in a release by the franchise.
"When I get into the big occasions, I feel that if God has got you here, then there is a reason behind it and sometimes I think that these big occasions are actually made for me. I feel the pressure, but I think about how I can be calm and in the present moment and do what is required," he said.
Pandya said RCB icon Virat Kohli would easily rank among the greatest players in any era of cricket.
"Virat is a classic example. You can see that hunger; you can see that passion in how he sees the game and how much he wants that victory. If Virat Kohli had been born in any (some other) generation, he would still be one of the greats. He is not competing with anyone else," he said.
