Rupee gains past 61/dollar as shares hit record high

Tags: News
The rupee hits a new three-month high, but fails to rise above 61 in early attempts. The rupee is flat on day at 61.11/12 after opening at 61.01.

A large U.S. bank buyer of dollar in early trades, dealers say.

Nifty hits record high, up 0.7 percent.

Overseas investors continue heavy buying of Indian shares. At $207.84 million on Thursday, it was their biggest daily purchase since December 19, provisional exchange data shows.

The euro hovered near a two-month high against the dollar early on Friday following a relief rally when the European Central Bank left its interest rates unchanged.

Most other Asian currencies like rupiah and Taiwan dollar trading stronger compared with the U.S. dollar.

A breach of 60.84 will mark the rupee's highest level since August 12.

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E-mail ID will not be published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

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

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

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture