LIVE TV DownloadNews18 App
News18 English
»
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
facebookTwittergoogleskypewhatsapp
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

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,350.05 2.15
Maruti Suzuki 6,909.10 -2.47
Just Dial 663.10 8.68
ICICI Bank 398.05 0.70
HDFC Bank 2,261.45 0.38
Company Price Change %Gain
Bharti Infratel 317.60 1.24
AB Capital 100.15 1.01
Reliance 1,347.60 1.89
ICICI Bank 397.80 0.53
Axis Bank 751.95 2.21
Top Gainers
Company Price Change %Gain
HPCL 286.80 3.56
IOC 162.80 3.46
Bajaj Finance 2,929.55 2.40
BPCL 405.55 2.33
JSW Steel 294.95 2.25
Company Price Change %Gain
Bajaj Finance 2,941.00 2.84
Power Grid Corp 196.75 2.29
Axis Bank 751.95 2.21
Reliance 1,347.60 1.89
Tata Steel 524.65 1.77
Top Losers
Company Price Change %Gain
Maruti Suzuki 6,909.10 -2.47
Hero Motocorp 2,669.50 -2.43
Wipro 257.60 -2.22
Bharti Airtel 330.60 -2.10
HCL Tech 1,012.00 -1.68
Company Price Change %Gain
Maruti Suzuki 6,910.35 -2.56
Hero Motocorp 2,671.50 -2.47
Bharti Airtel 330.00 -2.08
HCL Tech 1,012.55 -1.51
M&M 683.80 -1.34

Live TV

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