Rupee at fresh 10 month high, up 41 paise

Tags: 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.

EDITORIAL OF THE DAY

  • Common test will safeguard sanctity and bring accountability to medical profession

    Recalling its order of 2013, the Supreme Court paved the way for the all-India common entrance test, the national eligibility-cum-entrance test (NEET)

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture