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1-min read

Rupee Opens 17 Paise Higher Against US Dollar

Meanwhile, the dollar gained against most major global currencies as concerns over a global trade war eased after investors saw Trumps proposed tariffs as more of a negotiating tactic than a hard policy proposal.

PTI

Updated:March 6, 2018, 10:27 AM IST
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Rupee Opens 17 Paise Higher Against US Dollar
Representative image
Mumbai: The rupee rose by 17 paise to 64.95 against the US dollar in opening trade on Tuesday on mild selling of the greenback by exporters and a higher opening in the domestic equity market.

Meanwhile, the dollar gained against most major global currencies as concerns over a global trade war eased after investors saw Trumps proposed tariffs as more of a negotiating tactic than a hard policy proposal.

Investors sentiment was supported by the US non-manufacturing sector growth and improved risk appetite for the dollar, currency traders said.

The euro pared some losses and edged up 0.2 per cent after an inconclusive Italian election.

On Monday, the rupee had end higher by 5 paise at 65.12 against the US currency on fresh bouts of dollar selling
by banks and importers amid growing trade war concerns.

Meanwhile, the benchmark BSE Sensex recovered 313.35 points, or 0.92 per cent, to 34,060.13 in early trade on Tuesday.
(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)
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