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Rupee Firms up For 2nd Session, up 9 Paise to 66.92

The rupee on Monday strengthened for the second straight session, gaining by another 9 paise to close at 66.92 per dollar in view of strong foreign capital inflows coupled with firm equity market.

Press Trust Of India

Updated:February 20, 2017, 6:44 PM IST
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Rupee Firms up For 2nd Session, up 9 Paise to 66.92
(Image only for representational purpose)
Mumbai: The rupee on Monday strengthened for the second straight session, gaining by another 9 paise to close at 66.92 per dollar in view of strong foreign capital inflows coupled with firm equity market.

The rupee resumed lower at 67.06 per dollar as against the last Friday's closing level of 67.01 at the Interbank Foreign Exchange market on initial demand for the American currency from banks and importers but recovered afterwards to 66.90 before ending at 66.92, showing a gain of 9 paise, or 0.13 per cent.

The domestic currency gained by 15 paise, 0.21 per cent, in two days.

The domestic unit hovered in the range of 67.07-66.90 per dollar during the day.

The dollar index was trading up by 0.11 per cent against a basket of six currencies.

In the overseas market, the dollar rose against the yen in the late afternoon trade, but was largely flat against other major crosses, with investors reluctant to take strong positions due to the US national holiday for Presidents Day.

The dollar gained only moderately against the yen as Japanese corporate players bought the greenback for the purpose of commercial trade settlement in the mid-morning session. But a lack of fresh trading cues gave no clear direction to the US currency.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 8,043.14 crore last Friday, provisional data showed.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Huma Tabassum
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