Rupee at fresh 10 month high, up 41 paise

Tags: Rupee, News
Extending its rising streak, the rupee appreciated by 41 paise to trade at fresh 10-month high of 58.88 against the dollar in early trade today on foreign capital inflows on expectations of stable government at the Centre.

The rupee had gained 39 paise to close at a nearly 10-month high of 59.29 against the dollar yesterday. Today, it gained further on sales of the US currency by banks and exporters.

Besides, strong opening of the domestic equity market which soared to an all-time high of 24,930.42, dollar's weakness against other currencies overseas also supported the local currency, forex dealers said.

Meanwhile, the benchmark BSE Sensex zoomed by 1,024.82 points, or 4.29 per cent, to trade an new record high of 24,930.42 in opening trade today.

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E-mail ID will not be published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

  • A budget that promises to go miles in transforming the railways

    Suresh Prabhu’s rail budget has marked a departure from convention, both in style and substance.

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

The hidden attractions of Japan

We live in the Asian century. During the past two ...

Zehra Naqvi

Star power

Being a part of the generation that gorged on Shah ...

Bubbles Sabharwal

The waking moment decides the day

There was a little girl/ Who had a little curl/ ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture