Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

Driven by Positive Opening in Domestic Equities, Rupee Rises by 16 Paise to 68.79 Against USD

The rupee opened strong at 68.83 at the interbank forex market then gained further ground to touch 68.79 per dollar, displaying gains of 16 paise over its previous close. On Tuesday, rupee had settled at 68.95 against the US dollar.

PTI

Updated:July 4, 2019, 9:36 AM IST
facebookTwitterskypewhatsapp
Loading...

Mumbai: The rupee appreciated by 16 paise to 68.79 against the US dollar in opening trade Wednesday, driven by positive opening in domestic equities and weakening of the greenback in overseas markets.

The rupee opened strong at 68.83 at the interbank forex market then gained further ground to touch 68.79 per dollar, displaying gains of 16 paise over its previous close. On Tuesday, rupee had settled at 68.95 against the US dollar.

"Dollar might be under pressure as the growth in the manufacturing sector slowed down to near a 4-year low," Angel Broking said in a research note Wednesday and added that rupee is expected to "move sideways".

Forex dealers said, selling of the American currency by exporters supported the rupee. However, rising crude oil prices and foreign fund outflows weighed on the domestic currency.

Brent crude, the global benchmark, was trading at 62.61 per barrel higher by 0.34 per cent. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 512 crore on Tuesday, as per provisional data.

Traders said, the currency market is expected to witness volatility ahead of the Union Budget scheduled Friday.

Meanwhile, the benchmark BSE Sensex opened on a cautious note and was trading with gains of 44.19 points, or 0.11 per cent to quote at 39,860.67 while the NSE Nifty was trading at 11,923.65, up 13.35 points, or 0.11 per cent.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 103.85 11.43
Indiabulls Hsg 646.35 1.16
Infosys 784.85 0.71
HDFC Bank 2,391.20 -0.15
Tata Motors 170.00 5.62
Company Price Change %Gain
Yes Bank 103.90 11.48
ICICI Bank 424.55 0.51
Reliance 1,293.10 1.35
Indiabulls Hsg 646.10 1.22
SpiceJet 131.75 4.36
Top Gainers
Company Price Change %Gain
Yes Bank 103.85 11.43
Tata Motors 170.00 5.62
Sun Pharma 433.30 2.45
NTPC 130.95 2.34
Titan Company 1,114.75 2.33
Company Price Change %Gain
Yes Bank 103.90 11.48
Tata Motors 169.85 5.53
Sun Pharma 433.25 2.57
NTPC 131.05 2.46
Power Grid Corp 209.00 2.05
Top Losers
Company Price Change %Gain
TCS 2,106.00 -1.85
M&M 622.90 -1.42
Britannia 2,747.15 -0.95
UPL 641.90 -0.85
HCL Tech 1,019.65 -0.76
Company Price Change %Gain
TCS 2,105.30 -1.86
M&M 623.10 -1.35
HCL Tech 1,020.00 -0.71
Kotak Mahindra 1,502.50 -0.35
HDFC Bank 2,392.15 -0.16

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results