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.
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Pakistan reports two more polio cases; Total tally now 52
ISLAMABAD: At least two more cases of poliovirus were reported in Pakistan, taking the number of infections to 52 so far this year, a report said on Friday.
“The Regional Reference Laboratory for Polio Eradication at the National Institute of Health has confirmed the detection of two more wild poliovirus type 1 (WPV1) cases in Pakistan," an official statement said.
The fresh infections — a boy and a girl — were reported from the Dera Ismail Khan district of Khyber-Pakhtunkhwa province.
“Genetic sequencing of the samples collected from the children is underway," the statement read. Dera Ismail Khan, one of the seven polio-endemic districts of southern Khyber Pakhtunkhwa province, has reported five polio cases so far this year.
Of the 52 cases in the country this year, 24 are from Balochistan, 13 from Sindh, 13 from Khyber Pakhtunkhwa, and one each from Punjab and Islamabad.
There is no cure for polio. Only multiple doses of the oral polio vaccine and completion of the routine vaccination schedule for all children under the age of five can keep them protected.
