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.

EDITORIAL OF THE DAY

  • PSU banks can take a lesson from their private peers on disclosures

    The country’s top private lenders ICICI Bank and Axis Bank declared their fourth quarter earnings recently and both stepped up their asset quality d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Rajgopal Nidamboor

Timeless idiom of mindful living

Each of us, according to scholar-historian Felipe Fernandez-Armesto, is familiar ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture