Re rises 22 p to close at 79.69 vs USD

Tribune News Service

Updated At : 01:26 PM Jul 29, 2022 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

New Delhi, July 28

After breaching the Rs 80-mark against the greenback a week ago, the rupee made its biggest intra-day gain on Thursday to close at Rs 79.69 against the US dollar on Thursday. It appreciated by 22 paise as against a decline of 13 paise on Wednesday when it had closed at 79.91.

The rupee and equities seem to have largely factored in the US Fed’s 75 bps hike in interest rates. “The tone of the Fed Chairman was less hawkish compared to previous statements which uplifted the sentiments. Going ahead, the rate hikes would be determined by the behaviour of inflation,” said analyst Motilal Oswal.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles