Rupee up 45 paise against dollar

Tags: Rupee, News
The rupee became stronger by 45 paise to 59.60 against the US dollar in

RELATED ARTICLES

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E-mail ID will not be published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

  • But what’s the big deal about Modi’s first hundred days?

    That Indians believe more in symbolism than substance is a fact that is well acknowledged and chronicled.

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 Schöttli

West Asia turmoil worries east Asia

From Beijing to Jakarta, from Manila to Tokyo, east Asian ...

Parvez Imam

Sowing the seeds of love for hatred

No wonder we have a whole lot of talking going ...

Dharmendra Khandal

Time to protect our endangered wildlife species

After 65 million years of existence, the earth’s biodiversity is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture