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

Vote responsibly as each vote counts
and makes a diffrence

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
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Rupee Rises 7 Paise to 70.75 Against US Dollar in Early Trade Amid US-China Trade Deal

The United States on Wednesday signed the first phase of a trade deal with China, which President Donald Trump described as historic, concluding more than a year of tough negotiations between the two largest economies of the world.

PTI

Updated:January 16, 2020, 10:20 AM IST
facebookTwitter Pocket whatsapp
Rupee Rises 7 Paise to 70.75 Against US Dollar in Early Trade Amid US-China Trade Deal
Representative Image.(Reuters)

Mumbai: The rupee appreciated by 7 paise to 70.75 against the US dollar in early trade on Thursday as sign of easing tensions between the US and China strengthened investor sentiments.

The United States on Wednesday signed the first phase of a trade deal with China, which President Donald Trump described as historic, concluding more than a year of tough negotiations between the two largest economies of the world.

The first phase of the trade deal includes Intellection Property (IP) Protection and Enforcement, ending forced technology transfer, dramatic expansion of American agriculture, removing barriers to American financial services, ending currency manipulation, rebalancing the US-China trade relationship and effective dispute resolution.

The agreement was signed by President Trump and Chinese Vice Premier Liu He, Politburo Member and Vice Premier of the People's Republic of China.

At the interbank foreign exchange the rupee opened at 70.80 against the US dollar, then gained further ground and touched a high of 70.75 against the American currency, registering a rise of 7 paise over its previous close.

On Wednesday, rupee had settled for the day at 70.82 against the US dollar.

Traders said the appreciation in the rupee was largely on the back of positive global cues.

Meanwhile, domestic bourses opened on a strong note on Thursday with benchmark indices Sensex trading 155.38 points higher at 42,028.11 and Nifty 35.25 points at 12,378.55.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.02 per cent to 97.20.

Foreign institutional investors (FIIs) remained net buyers in the capital market, as they purchased shares worth Rs 279.53 crore on Wednesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, rose 0.64 per cent to trade at USD 64.41 per barrel.

The 10-year government bond yield was at 6.64 per cent in morning trade.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
HDFC 2,426.15 0.37
Divis Labs 1,897.60 2.33
Larsen 1,332.80 2.98
Indiabulls Hsg 312.15 5.37
Shriram Trans 1,082.55 0.74
Top Gainers
Company Price Change %Gain
Larsen 1,332.80 2.98
M&M 566.80 2.31
SBI 323.25 2.26
Titan Company 1,204.10 2.25
Infosys 784.55 1.90
Top Losers
Company Price Change %Gain
Tech Mahindra 768.85 -1.19
TCS 2,193.45 -0.59
Bajaj Auto 3,064.60 -0.41
Reliance 1,527.00 -0.40
Bajaj Finance 4,129.90 -0.26

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results