Rupee gains for 2nd straight day; settles 9 paise higher at 74.18/USD
Mumbai: The rupee gained for the second straight day and closed 9 paise higher at 74.18 (provisional) against the US dollar on Thursday, supported by a rally in domestic equities and weaker American currency.
At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.
It finally finished at 74.18, higher by 9 paise over its last close.
On Wednesday, the rupee had settled at 74.27 against the US dollar.
"It's the very quiet session for the forex market as participants waiting for Fed speakers comments and Bank of England's policy decision. Indian rupee along with other Asian currencies stayed calm and traded in small range," said Dilip Parmar, Research Analyst, HDFC Securities.
Parmar further noted that so far this month, the rupee has been the worst performing among Asian currencies, bucking the last two year
Brent crude futures, the global oil benchmark, rose 0.23 to USD 75.36 per barrel.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.08 per cent to 91.72.
On the domestic equity market front, the BSE Sensex ended 392.92 points or 0.75 per cent higher at 52,699.00, while the broader NSE Nifty advanced 103.50 points or 0.66 per cent to 15,790.45.
Foreign institutional investors were net buyers in the capital market on Wednesday as they purchased shares worth Rs 3,156.53 crore, as per exchange data.
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Kohli's U-19 teammate Amanpreet Singh Gill dies at 36
New Delhi (PTI): Former India U-19 and Punjab medium pacer Amanpreet Singh Gill died at the age of 36 in Chandigarh on Wednesday, leaving the cricket fraternity in mourning.
The cause of death is not yet known.
Gill, who was Virat Kohli's U-19 teammate, featured in six first-class matches for Punjab, picking up 11 wickets.
He was also part of the Punjab franchise (Kings XI Punjab) in the inaugural Indian Premier League season, and later served as a member of Punjab's senior selection committee.
"Punjab Cricket Association deeply mourns the sad demise of Amanpreet Singh Gill, former Punjab cricketer and Member, Senior Selection Committee Punjab,” the Punjab Cricket Association announced on X.
"Our heartfelt condolences to the bereaved family and loved ones. May Waheguru grant eternal peace to the departed soul and strength to the family in this difficult time."
Two-time World Cup-winning India all-rounder Yuvraj Singh also paid tribute to Gill.
"Deeply saddened to hear about Amanpreet Singh Gill’s passing. Shared the dressing room in our early days, he was a quiet, hardworking cricketer who loved the game. My heartfelt condolences to his family and loved ones. Rest in peace Om Shanti,” Singh posted on X.
Gill played five Youth ODIs and one Youth Test for India in 2007.
In the longer format, he claimed the wicket of former Sri Lanka all-rounder Thisara Perera.
However, he did not make the Virat Kohli-led India U-19 side that went on to win the 2008 World Cup.
“Deeply saddened by the passing of Amanpreet Singh Shergill, who proudly represented Punjab and was a part of the Punjab Kings family. Our heartfelt condolences to his family, friends, and the entire cricketing fraternity,” Punjab Kings posted on their official Instagram account.
