The rupee goes to the 3-week high of 73.16

The reinforced rupee of 41 plummets to close at 73.16 against the US dollar against the US dollar, on a relaxation of crude oil prices and an upward trend in the domestic stock market.

On Tuesday, Saudi Arabia was committed to meeting each other. any shortage of supply and replace any imminent shortage due to Iranian sanctions, which will begin on November 4. Subsequently, Brent crude prices fell below the $ 76 level before rising to $ 76.03 per barrel.

and favored the sale in dollars by the exporters. The weakness of the greenback versus some foreign currencies also fueled the rupee's uptrend.

"The Indian rupee rose 41 points to 73.16 per dollar from the previous close of 73.57, following the drop in crude oil prices and Sunil Sharma, chief investment officer , Sanctum Wealth Management.

On the interbank foreign exchange market (Forex), the rupee opened up to 73.18 and is further strengthened by 48 paise to hit a record high of 73.09 in US dollar sales by exporters and the banks.

The national unit, however, reduced its gains and finished in strength 41 at 73.16 against the US dollar, a level not seen since October 1. Tuesday, the local currency has stopped almost flat to 73.57 against the US currency

The Senbad has taken the mark of 34 000 by gaining 187 points, an increase of 0.55% to 34 033.96 . The broad NSE Nifty also gained 77.95 points, or 0.77%, to reach 10,224.75.

National institutional investors made purchases amounting to Rs 116.41 billion, while foreign institutional investors sold Rs shares. Provisional data showed that the reference rate was 340 Rs. , 35 crore Tuesday.

The India Pvt Ltd (FBIL) financial benchmark set the reference rate of the rupee / dollar at 73.2645 and the rupee / euro at 83.9934. The reference rate of the rupee / pound was set at 95.0529 and from 65.13 rupees / Japanese yen to 65.13.

The bond markets have also been firm in terms of lowering gasoline prices. The most widely traded 7-year, 7-year, 10-year government bond yield was reduced by 2 basis points to 7.87. The yield on 7.59% government securities maturing in 2026 has eased by more than 1 basis point to 7.94.