GET Stock QuotesNews18 APP
News18 English
»
1-min read

Rupee Strengthens by 50 Paise Against Dollar in Early Trade

Besides, dollar selling by exporters and banks, the greenback's weakness against other currencies overseas, helped the domestic currency recover, forex dealers said.

PTI

Updated:September 14, 2018, 9:33 AM IST
facebookTwittergoogleskypewhatsapp
Rupee Strengthens by 50 Paise Against Dollar in Early Trade
Representative image
Loading...
Mumbai: Continuing its recovery, the rupee Friday strengthened by 50 paise to 71.68 against the dollar in early trade in the forex market on the government's assurance that all steps would be taken to ensure the domestic currency does not depreciate to unreasonable levels.

Besides, dollar selling by exporters and banks, the greenback's weakness against other currencies overseas, helped the domestic currency recover, forex dealers said.

They said a higher opening in the equity market and positive macro data released on Wednesday also supported the rupee's recovery, they added.

Industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low of 3.69 per cent in August, according to the data released by Central Statistics Office.

The rupee on Wednesday rebounded from the historic low of 72.91 to end higher by 51 paise at 72.18 against the dollar.
The forex market was closed Thursday on account of Ganesh Chaturthi.

Meanwhile, the BSE benchmark Sensex reclaimed the 38,000-mark to 38,036.81 by climbing 318.85 points, or 0.85 per cent, in opening trade.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Bank of Baroda 113.10 -22.15 -16.38
Yes Bank 323.55 +4.95 +1.55
SBI 273.80 -11.50 -4.03
Reliance 1,217.15 -8.75 -0.71
Axis Bank 608.60 -17.35 -2.77
Company Price Change %Gain
Oracle Fin Serv 4,261.85 -241.20 -5.36
Bank of Baroda 113.45 -21.65 -16.03
Maruti Suzuki 8,400.10 -133.40 -1.56
Yes Bank 323.15 +4.55 +1.43
Balrampur Chini 84.90 -10.85 -11.33
Top Gainers
Company Price Change %Gain
HUL 1,664.95 +59.50 +3.71
Yes Bank 323.55 +4.95 +1.55
ONGC 173.90 +2.20 +1.28
Wipro 332.55 +2.65 +0.80
Dr Reddys Labs 2,584.15 +15.65 +0.61
Company Price Change %Gain
HUL 1,666.15 +62.10 +3.87
Yes Bank 323.15 +4.55 +1.43
Wipro 332.50 +3.35 +1.02
ONGC 173.35 +1.60 +0.93
ITC 302.60 +0.70 +0.23
Top Losers
Company Price Change %Gain
SBI 273.80 -11.50 -4.03
Indiabulls Hsg 1,158.25 -42.60 -3.55
HPCL 249.40 -8.95 -3.46
Tata Motors 251.50 -8.75 -3.36
Bajaj Auto 2,773.80 -86.85 -3.04
Company Price Change %Gain
SBI 274.00 -11.60 -4.06
Tata Motors 251.45 -8.75 -3.36
Bajaj Auto 2,775.90 -81.20 -2.84
Axis Bank 608.45 -17.60 -2.81
Bharti Airtel 373.55 -8.85 -2.31

Live TV

Loading...
Loading...