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
News18 » India
1-min read

Rupee Appreciates by 16 Paise to 70.65 Against Dollar in Early Trade

Market participants said higher opening in domestic equity market, and hopes for a US-China trade deal supported the local currency along with easing crude prices.

PTI

Updated:November 4, 2019, 10:10 AM IST
facebookTwitter Pocket whatsapp
Rupee Appreciates by 16 Paise to 70.65 Against Dollar in Early Trade
Representative image (Reuters)

Mumbai: The rupee appreciated by 16 paise to 70.65 against the US dollar in early trade on Monday as easing crude prices and sustained foreign fund inflows strengthened investor sentiments.

Market participants said higher opening in domestic equity market, and hopes for a US-China trade deal also supported the local currency. At the interbank foreign exchange, the rupee opened strong at 70.55, registering a rise of 26 paise over its previous close of 70.81. It, however, pared some gains and was trading at 70.65 against the dollar in morning trade.

On Friday, the rupee had finished at 70.81 against the US currency.

Brent crude futures, the global oil benchmark, fell 0.52 per cent to USD 59.69 per barrel. Foreign institutional investors (FIIs) pumped a net Rs 533.37 crore into equities on Friday, provisional exchange data showed.

BSE Sensex rallied over 269 points to hit its intra-day peak of 40,434.83 in early trade. The broader NSE Nifty advanced 75.85 points to 11,966.45, inching closed to the 12,000 mark. Comments of Chinese Vice Premier Liu He that trade talks with Washington were on track, and speculation that US and China will sign the trade pact this month enthused investors.

Besides, strong US jobs data also revived investors' sentiment globally.

The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.06 per cent to 97.18. The 10-year government bond yield was at 6.44 per cent in morning trade.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results