Rupee upturns 16 paise against dollar
Rupee upturns 16 paise against dollar
Share:

In the early trade, the rupee appreciated by 16 paise to 66.38 against the US dollar extending its continuous rising streak for the fourth day in early trade on increased selling of the American currency by exporters and banks amidst continued foreign fund inflows.

Forex dealer said "The dollar weakened against its rivals overseas after the US Federal Reserve Chair Janet Yellen signalled that a rate hike was not likely before June" Besides, a higher opening of the domestic equity market supported the rupee, they added.

Yesterday, the rupee had gained three paise to close at 66.54 at the Interbank Foreign Exchange. Meanwhile, the benchmark BSE Sensex reclaimed the crucial 25,000-mark by soaring 217.17 points, or 0.87 per cent, to 25,117.63 in early trade today.

Disclaimer : The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of NTIPL, english.newstracklive.com or any employee thereof. NTIPL makes no representations as to accuracy, completeness, correctness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.
NTIPL reserves the right to delete, edit, or alter in any manner it sees fit comments that it, in its sole discretion, deems to be obscene, offensive, defamatory, threatening, in violation of trademark, copyright or other laws, or is otherwise unacceptable.
Join NewsTrack Whatsapp group
Related News