GET Stock QuotesNews18 APP
News18 English
»
1-min read

Rupee Recovers 18 Paise at Rs 73.88 Against US Dollar as IMF Prediction Boosts Sentiment

IMF forecast of 7.3 per cent growth for India in the current year of 2018 and that of 7.4 per cent in 2019, too, boosted investor sentiment.

PTI

Updated:October 9, 2018, 10:12 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Recovers 18 Paise at Rs 73.88 Against US Dollar as IMF Prediction Boosts Sentiment
File photo of the Bombay Stock Exchange.
Loading...
Mumbai: The rupee made a cautious recovery of 18 paise to 73.88 against the US dollar Tuesday on fresh selling of the American currency by banks and exporters.

Besides, the dollar's overseas weakness, easing global crude oil price and higher opening in the domestic stock market supported recovery in the domestic unit, traders said.

At the forex market, the local currency was trading 18 paise higher at 73.88 in early trade.

The International Monetary Fund's forecast of a growth rate of 7.3 per cent for India in the current year of 2018 and that of 7.4 per cent in 2019, too, boosted investor sentiment here.

In the previous session Monday, the rupee slumped 30 paise to finish at a fresh lifetime low of 74.06 against the US dollar.

Meanwhile, the benchmark Sensex rose by 72.04 points, or 0.21 per cent, to 34,546.42 in opening trade.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 713.15 9.08
Reliance 1,062.65 -3.51
ICICI Bank 327.10 3.69
HDFC Bank 1,998.90 1.58
Dewan Housing 188.40 -10.52
Company Price Change %Gain
Indiabulls Hsg 714.45 9.20
Dewan Housing 190.10 -10.25
SBI 259.95 -0.35
Axis Bank 561.10 -0.20
Reliance 1,062.45 -3.56
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 713.15 9.08
Eicher Motors 22,425.10 3.70
ICICI Bank 327.10 3.69
HCL Tech 980.05 2.25
NTPC 164.85 2.11
Company Price Change %Gain
ICICI Bank 327.00 3.84
NTPC 165.00 1.95
Bajaj Auto 2,556.80 1.86
HDFC Bank 1,993.00 1.38
Vedanta 213.25 0.99
Top Losers
Company Price Change %Gain
IndusInd Bank 1,449.45 -8.07
BPCL 271.15 -4.37
UltraTechCement 3,463.25 -4.05
Reliance 1,062.65 -3.51
Bajaj Finserv 5,250.20 -3.12
Company Price Change %Gain
IndusInd Bank 1,442.20 -8.52
Reliance 1,062.45 -3.56
Yes Bank 211.00 -3.08
ONGC 156.10 -3.07
Asian Paints 1,201.45 -2.95

Live TV

Loading...
Loading...