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Rupee ends tad higher against greenback

01 Nov 2021

Indian rupee ended marginally higher against dollar on Monday, on selling of the American currency by exporters. Traders remained positive as growth of eight core infrastructure industries grew by 4.4 percent in September 2021 as compared to same month last year on account of healthy performance by segments like natural gas, refinery products and cement. On the global front; dollar consolidated gains against its rivals on Monday, after posting its biggest daily rise in more than four months as hedge funds cut back bearish bets ahead of a U.S. Federal Reserve policy meeting this week.

Finally, the rupee ended 74.87, stronger by 1 paise from its previous close of 74.88 on Friday. The currency touched a high and low of 75.04 and 74.84 respectively.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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