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
Powered by cricketnext logo
»
1-min read

Rupee Rises by 31 Paise to 69.39 Against Dollar in Early Trade

The rupee opened strong at 69.48 at the interbank forex market then gained further ground and touched 69.39 amid a positive opening in domestic equities.

PTI

Updated:June 3, 2019, 9:59 AM IST
facebookTwitterskypewhatsapp
Rupee Rises by 31 Paise to 69.39 Against Dollar in Early Trade
Image for representation. (Image : Reuters)
Loading...

Mumbai: The rupee appreciated by 31 paise to 69.39 against the US dollar in opening trade Monday, driven by easing crude prices and higher opening in domestic equities.

Forex dealers said the local currency gained strength ahead of the Reserve Bank of India's monetary policy meet. The Monetary Policy Committee (MPC), which decides on key interest rates, will hold a meeting on June 3, 4 and 6.

The rupee opened strong at 69.48 at the interbank forex market then gained further ground and touched 69.39 amid a positive opening in domestic equities, displaying gains of 31 paise over its last close.

The rupee Friday had settled at 69.70 to the US dollar.

Meanwhile, the 10-year government bond yield was at 6.95 per cent on Monday, against previous close of 7.03 percent on Friday.

Forex traders said foreign fund inflows also supported the domestic currency.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 676.15 crore on a net basis Friday, provisional exchange data showed.

Brent crude futures, the global oil benchmark, eased 1.13 per cent to USD 61.29 per barrel.

Meanwhile, the benchmark BSE Sensex was trading higher by 187.60 points, or 0.47 per cent to quote at 39,901.80 while the NSE Nifty was trading at 11,963.10, higher by 40.30 points, or 0.34 per cent.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 619.10 1.16
Yes Bank 111.95 2.14
Reliance 1,262.40 -1.34
SBI 353.20 1.09
UPL 936.55 5.22
Company Price Change %Gain
Emami 267.30 -7.59
Indiabulls Hsg 619.15 1.16
Yes Bank 111.95 2.19
Reliance 1,262.65 -1.29
Jet Airways 73.20 1.04
Top Gainers
Company Price Change %Gain
UPL 936.55 5.22
Yes Bank 111.95 2.14
M&M 634.85 1.18
Indiabulls Hsg 619.10 1.16
TCS 2,275.50 1.14
Company Price Change %Gain
Yes Bank 111.95 2.19
M&M 635.45 1.31
TCS 2,275.00 1.11
SBI 353.25 1.09
Coal India 256.85 0.96
Top Losers
Company Price Change %Gain
JSW Steel 257.80 -3.50
ONGC 165.20 -3.36
Eicher Motors 19,098.20 -3.15
Vedanta 168.45 -2.29
Tata Steel 486.25 -2.29
Company Price Change %Gain
ONGC 165.25 -3.48
Tata Steel 486.15 -2.33
Vedanta 168.50 -2.23
Bajaj Auto 2,816.45 -1.97
Reliance 1,262.65 -1.29

Live TV

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