GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

Rupee Moves up 10 Paise Against US Dollar

Fresh selling of the US dollar by banks and exporters brought some life back in the local currency.

PTI

Updated:September 27, 2017, 10:04 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Moves up 10 Paise Against US Dollar
Image for representative purposes only.
Mumbai: The rupee trended higher by 10 paise to 65.35 against the dollar in the beginning on Wednesday, reflecting a strong start in stock markets.

Fresh selling of the US dollar by banks and exporters brought some life back in the local currency.

Stocks were full of promise as they opened on a firm note, which made the rupee gain ground, traders said.

But the US dollar's strength, mainly an outcome of the US Fed's recent decision to shrink its balancesheet, kept the rupee in check. An indication of gradual rate hike from the central bank tempered mood, too.

US President Donald Trump's tax reforms plan slated to be released, however, kept the interest factor alive, they added.

On Tuesday, the rupee plunged 35 paise to hit a fresh six-month low of 65.45 against the dollar due to heavy demand for the US currency from importers amid foreign funds exit.

The benchmark Sensex bounced 197.70 points, or 0.70 percent, to 31,797.46 in the opening trade.
Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Axis Bank 455.15 +5.20 +1.16
Bharti Airtel 499.90 +2.55 +0.51
Reliance 938.95 -0.80 -0.09
Infosys 933.60 -5.90 -0.63
HDFC Bank 1,862.70 -0.60 -0.03
Company Price Change %Gain
Dr Lal PathLab 739.05 -14.80 -1.96
GNFC 542.15 +28.05 +5.46
HDFC 1,723.65 +2.75 +0.16
Larsen 1,131.50 -3.30 -0.29
Delta Corp 246.80 +10.50 +4.44
Top Gainers
Company Price Change %Gain
Zee Entertain 515.75 +24.10 +4.90
SBI 253.00 +7.05 +2.87
NTPC 181.80 +4.85 +2.74
ONGC 176.20 +4.50 +2.62
UPL 795.80 +17.45 +2.24
Company Price Change %Gain
SBI 253.30 +7.55 +3.07
NTPC 181.80 +5.15 +2.92
ONGC 176.00 +4.40 +2.56
HUL 1,267.00 +18.35 +1.47
Tata Steel 722.40 +11.05 +1.55
Top Losers
Company Price Change %Gain
IndusInd Bank 1,662.55 -32.95 -1.94
Tata Motors 417.00 -5.75 -1.36
Bosch 20,985.00 -297.55 -1.40
HCL Tech 926.90 -10.35 -1.10
Hindalco 269.15 -2.75 -1.01
Company Price Change %Gain
Tata Motors (D) 231.50 -3.30 -1.41
Tata Motors 417.00 -5.30 -1.26
M&M 1,355.25 -11.80 -0.86
Infosys 932.95 -6.70 -0.71
Sun Pharma 537.50 -2.75 -0.51

Live TV