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

Rupee Gains 19 Paise Against Dollar in Opening Trade

The weakness in dollar against some currencies overseas after US Federal Reserve chairman Jerome Powell said that the central bank would remain alert to risks to financial stability in the wake of recent market rout also supported the rupee’s upmove.

PTI

Updated:February 14, 2018, 10:13 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Gains 19 Paise Against Dollar in Opening Trade
Image of existing Rs 10/File photo (Reuters)
Loading...
Mumbai: The rupee strengthened by 19 paise to 64.13 against the US dollar in opening trade aided by stronger domestic equities.

The weakness in dollar against some currencies overseas after US Federal Reserve chairman Jerome Powell said that the central bank would remain alert to risks to financial stability in the wake of recent market rout also supported the rupee’s upmove.

The US dollar hit a five-month low against the yen after Japan’s economy recorded its longest growth streak in 28 years.

Besides, industrial output grew 7.1 % in December and selling of the American currency by exporters supported the rupee, forex dealers said.

Forex market was closed on Tuesday for a public holiday.

On Monday, the rupee had ended 8 paise higher to close at 64.32 against the dollar on fresh selling of the American currency by exporters and banks in line with strong domestic equity market.

The benchmark BSE Sensex rose 172.96 points, or 0.50 %, to trade at 34,473.43, while the NSE Nifty climbed 41.50 points, or 0.39 %, to 10,581.25 on Wednesday.

| Edited by: Puja Menon
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 346.50 7.98
Yes Bank 191.00 -7.21
Reliance 1,127.40 2.79
ICICI Bank 367.55 -0.66
Indiabulls Hsg 766.20 -4.80
Company Price Change %Gain
Jet Airways 346.85 8.07
Mindtree 838.20 -0.05
Yes Bank 191.30 -7.14
HDFC 1,887.55 1.91
Info Edge 1,370.00 -0.48
Top Gainers
Company Price Change %Gain
Bharti Airtel 332.75 9.31
HCL Tech 1,022.20 3.38
Eicher Motors 24,735.00 3.30
Grasim 831.90 2.87
Reliance 1,127.40 2.79
Company Price Change %Gain
Bharti Airtel 333.60 9.81
Reliance 1,127.50 2.79
HDFC 1,887.55 1.91
SBI 290.30 1.75
Hero Motocorp 2,954.55 1.28
Top Losers
Company Price Change %Gain
Yes Bank 191.00 -7.21
Indiabulls Hsg 766.20 -4.80
JSW Steel 335.10 -2.76
Tata Steel 574.10 -2.59
IOC 143.35 -2.25
Company Price Change %Gain
Yes Bank 191.30 -7.14
Tata Steel 574.10 -2.47
Maruti Suzuki 7,332.05 -2.02
ONGC 156.55 -1.48
Axis Bank 618.30 -1.17

Live TV

Loading...
Loading...