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

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

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
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Rupee Rises 27 Paise to End at 4-month High, Extends Gain for 4th Day

The rupee had vaulted 77 paise to a three-month high of 69.85 per US dollar on Thursday. Traders said sustained foreign fund inflows, easing crude oil prices and a smart recovery in domestic equity markets also aided the domestic currency.

PTI

Updated:November 30, 2018, 6:26 PM IST
facebookTwittergoogleskypewhatsapp
Rupee Rises 27 Paise to End at 4-month High, Extends Gain for 4th Day
Representative image. (Photo Credit: Reuters)
Loading...
Mumbai: The rupee strengthened further by 27 paise to close at a four-month high of 69.58 against the US currency on Friday, extending gains for a fourth day in a row aided by easing crude oil prices and firm stock markets.

The rupee traded firm against the US currency despite a firm dollar overseas, signalling a change in sentiments of forex speculators, analysts said.

At the Interbank Foreign Exchange (Forex), the rupee opened higher at 69.68, and soon gathered momentum to touch a high of 69.57.

The domestic unit, however, pared some gains and settled the day up by 27 paise at 69.58 a dollar, a level not seen since August 1.

On Thursday, the rupee had vaulted 77 paise to a three-month high of 69.85 per US dollar.

"The INR remained unchanged today despite dollar strength, signaling changing sentiments amongst forex speculators, a rise in FII inflows and crude stabilising below USD 60," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

Sharma further noted that the key events this week will be the discussion on trade between China and the US at the G20, and agreements, if any, on crude supply cuts amongst OPEC nations.

Traders said sustained foreign fund inflows, easing crude oil prices and a smart recovery in domestic equity markets also aided the domestic currency.

Globally, Brent crude, the international benchmark, was trading 1.18 per cent down at USD 58.81 per barrel.

The 30-share Sensex settled 23.89 points, or 0.07 per cent, higher at 36,194.30, while the broader NSE Nifty gained 18.05 points, or 0.17 per cent, to 10,876.75.

Meanwhile, on net basis, foreign funds sold shares worth Rs 332.62 crore, while DIIs purchased share to the tune of Rs 1,489.65 crore Friday, provisional data showed.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.6574 and for rupee/euro at 79.3588. The reference rate for rupee/British pound was fixed at 89.0848 and for rupee/100 Japanese yen at 61.43.
| Edited by: Anu Parthiban
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 
Most Active
Company Price Change %Gain
Reliance 1,385.95 3.14
PC Jeweller 145.15 -0.55
Interglobe Avi 1,554.40 -1.74
Tata Motors 236.25 2.49
Infosys 717.05 -0.97
Company Price Change %Gain
SpiceJet 136.25 2.68
PC Jeweller 145.20 -0.55
HDFC Bank 2,290.15 -0.63
Reliance 1,382.90 2.79
Jet Airways 163.90 -32.23
Top Gainers
Company Price Change %Gain
Reliance 1,385.95 3.14
JSW Steel 299.15 2.73
Tata Motors 236.25 2.49
BPCL 362.90 1.51
Wipro 284.80 1.39
Company Price Change %Gain
Reliance 1,382.90 2.79
Tata Motors 235.90 2.32
Asian Paints 1,465.35 0.65
TCS 2,145.50 0.61
Coal India 251.75 0.22
Top Losers
Company Price Change %Gain
Yes Bank 255.80 -4.00
Indiabulls Hsg 800.55 -3.83
Hindalco 207.20 -3.61
Vedanta 178.60 -3.43
Zee Entertain 402.30 -3.19
Company Price Change %Gain
Yes Bank 255.30 -4.18
Vedanta 178.70 -3.51
IndusInd Bank 1,764.00 -2.86
Tata Steel 542.85 -1.77
Larsen 1,360.75 -1.57

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results