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E-mail ID will not be published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

  • Bureaucrats have enjoyed flying miles at taxpayer expense for too long

    The beleaguered Indian taxpayer will certainly applaud prime minister Narendra Modi’s attempt to deliver on his promise of cutting down fiscal defic

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>: CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture