Rupee strengthens to below 60 level against dollar, up 41 paise

Tags: Rupee, News
Continuing its rising streak, the rupee today strengthened to below 60 level at 59.90 for the first time since July 2013 against the US dollar in late afternoon trade on sustained foreign fund flows.

Dealers said sustained selling of the American currency by banks and exporters and ongoing bull-run on the domestic equity markets also buoyed the rupee sentiments.

The Indian currency resumed higher at 60.18 per dollar as against the last closing level of 60.31 at the Interbank Foreign Exchange (Forex) Market and firmed up further to break the crucial 60 level to trade at 59.90 in late afternoon trade, a level last seen in July 2013.

Meanwhile, the benchmark BSE Sensex gathered 125.60 points, or 0.57 per cent to close at a new lifetime high of 22,339.97 after climbing to an all-time intra-day high of 22,363.97.

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E-mail ID will not be published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

  • The NDA government would do well to keep its economic focus in place

    It is as if the worst horrors conjured by liberal secularists about India’s prime minister could be finally coming true.

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 Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture