Rupee up 45 paise against dollar

Tags: Rupee, News
The rupee became stronger by 45 paise to 59.60 against the US dollar in early trade today at the Interbank Foreign Exchange market amidst exit polls forecasting the BJP-led NDA forming the government at the Centre.

Increased selling of the dollar by banks and exporters amid sustained foreign capital inflows also supported the rupee, dealers said.

Besides, strong rally in domestic equity market in opening trade also helped the rupee post gains but dollar's strength against other currencies overseas limited the gains, they added.

In a volatile session, the rupee ended one paise down at 60.05 in yesterday's trade on late demand of the American currency after rising to nearly ten-month high of 59.51.

Meanwhile, the benchmark BSE Sensex rose by 370.91 points, or 1.57 per cent, to hit a new record high of 23,921.91 in opening trade.

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E-mail ID will not be published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

  • The world is moving away from fast food like never before

    Despite spending $1.8 billion every year on worldwide advertising and promotion, McDonald’s sales are plummeting.

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

Urs Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture