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 Up 9 Paise Against Dollar on Fed Rate Hike

The dollar extended losses overseas after the US Federal Reserve stuck to its target for interest rate hikes this year.

PTI

Updated:March 22, 2018, 10:12 AM IST
facebookTwitterskypewhatsapp
Rupee Up 9 Paise Against Dollar on Fed Rate Hike
Photo used for representation.
Loading...

Mumbai: The rupee rose 9 paise against the US dollar to 65.12 in early trade at the interbank forex market today amid weakness in the greenback after the US Fed raised benchmark lending rate by 25 bps.

The dollar extended losses overseas after the US Federal Reserve stuck to its target for interest rate hikes this year. The central bank's Chairman Jerome Powell forecast a steeper path of rate hikes in 2019 and 2020, citing improving economic outlook.

Forex dealers said persistent inflows of foreign funds and weakness in the dollar against other currencies overseas supported the domestic unit.

On Wednesday, the rupee had ended almost flat at 65.21 against the US dollar. Meanwhile, the benchmark BSE Sensex advanced by 73.51 points, or 0.22 per cent, to 33,209.69 in opening session.

On a net basis, foreign institutional investors (FIIs) bought shares worth Rs 98.44 crore, while domestic institutional investors (DIIs) made purchases worth Rs 197.78 crore on Wednesday, provisional data showed.

| Edited by: Nitya Thirumalai
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 91.15 9.49
Reliance 1,280.50 2.52
HDFC Bank 2,297.25 -3.30
Bajaj Finance 3,246.60 -2.30
Interglobe Avi 1,519.20 3.84
Company Price Change %Gain
Yes Bank 91.15 9.49
Reliance 1,280.50 2.52
Interglobe Avi 1,518.15 3.74
HDFC Bank 2,297.05 -3.32
Bajaj Finance 3,248.55 -2.21
Top Gainers
Company Price Change %Gain
Yes Bank 91.15 9.49
Vedanta 167.25 3.72
Indiabulls Hsg 655.90 3.30
Hindalco 202.40 3.27
Zee Entertain 364.05 3.14
Company Price Change %Gain
Yes Bank 91.15 9.49
Vedanta 167.25 3.85
Asian Paints 1,403.35 2.58
Reliance 1,280.50 2.52
Maruti Suzuki 5,912.00 2.48
Top Losers
Company Price Change %Gain
Bajaj Finserv 7,162.45 -5.34
HDFC 2,186.90 -5.06
Eicher Motors 17,072.00 -3.35
HDFC Bank 2,297.25 -3.30
Kotak Mahindra 1,454.30 -2.98
Company Price Change %Gain
HDFC 2,186.60 -5.09
HDFC Bank 2,297.05 -3.32
Kotak Mahindra 1,453.65 -3.08
HUL 1,678.75 -2.67
Bajaj Finance 3,248.55 -2.21

Live TV

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