Rupee up 30 paise against dollar

Tags: dollar, Rupee, News
The rupee is trading higher at 61.03/05 vs previous close of 61.34/35, tracking strength in equities. Local shares up 0.5 percent, tracking regional peers.

Foreign investors bought Indian shares worth $117.87 million on Thursday when the benchmark BSE Sensex fell 0.4 percent, provisional exchange data shows, highlighting the strong overseas interest for Indian equities.

The dollar's index against six major currencies currently down 0.05 percent.

Most other Asian currencies trading mixed compared with the dollar.

The U.S. dollar hovered near a three-week peak against a basket of major currencies early on Friday, but could struggle to extend gains as investors awaited more clarity on the U.S. Federal Reserve's policy path.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks might be bracing for intense rate war for retail loans

    While select small banks have been slashing their deposit rates by five to 10 basis points over the past few weeks for short term adjustments to avoid

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture