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
»
1-min read

Rupee Slips 14 Paise Against US Dollar in Early Trade

The rupee rebounded by 52 paise to close at 70.72 against the US dollar on Thursday as sentiments revived on signs of de-escalation of tensions between India and Pakistan.

PTI

Updated:March 1, 2019, 8:14 PM IST
facebookTwitterskypewhatsapp
Loading...

Mumbai: The rupee depreciated by 14 paise to 70.86 against the US dollar in early trade on Friday on increased demand for the US currency from importers and foreign fund outflows.

Besides, strength in the dollar against major rival currencies on stronger US economic data also kept the pressure on the Indian rupee, dealers said.

However, a higher opening in domestic equities helped in restricting the slide in the Indian unit to some extent, they added.

On the macro-economic front, a caution prevailed after official data showed that the country's economic growth slowed to a 5-quarter low of 6.6 per cent in the October-December period.

Also, economic growth estimate for the current fiscal year ending March 31 has been revised downwards to 7 per cent from the earlier estimate of 7.2 per cent. This is the lowest growth in the last five years.

On Thursday, the rupee rebounded by 52 paise to close at 70.72 against the US dollar as sentiments revived on signs of de-escalation of tensions between India and Pakistan.

Meanwhile, the benchmark BSE Sensex was quoting higher by 206.19 points, or 0.57 per cent, to 36,073.63 in opening deals.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 85.80 -12.80
HDFC 2,345.15 2.56
Mindtree 690.65 -8.00
Axis Bank 740.40 -1.62
SBI 363.65 -2.35
Company Price Change %Gain
HDFC Bank 2,403.90 0.26
Yes Bank 85.80 -12.85
CG Consumer 232.25 0.78
SpiceJet 143.50 1.09
Mindtree 691.30 -8.07
Top Gainers
Company Price Change %Gain
Wipro 269.10 3.66
HDFC 2,345.15 2.56
Zee Entertain 360.10 1.94
Britannia 2,820.85 0.82
HDFC Bank 2,411.90 0.60
Company Price Change %Gain
HDFC 2,338.00 2.26
Kotak Mahindra 1,537.60 0.31
HDFC Bank 2,403.90 0.26
Bajaj Finance 3,466.35 0.14
ITC 272.95 0.05
Top Losers
Company Price Change %Gain
Yes Bank 85.80 -12.80
ONGC 143.40 -4.34
Tata Motors 160.75 -4.26
Coal India 220.30 -4.22
M&M 597.40 -3.33
Company Price Change %Gain
Yes Bank 85.80 -12.85
ONGC 143.50 -4.24
Tata Motors 160.80 -4.20
Coal India 220.45 -4.17
M&M 597.40 -3.32

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results