Breaking |

Breaking |

New year cheer: Rupee rises 15 paise to 69.62 against US dollar in early trade
Published : Jan 1, 2019, 1:16 pm IST
Updated : Jan 1, 2019, 1:16 pm IST
SHARE ARTICLE
Rupee rises 15 paise
Rupee rises 15 paise

The rupee started the new year on a positive note and appreciated by 15 paise to 69.62 against the US dollar in early trade...

Mumbai, Jan 1 (PTI) The rupee started the new year on a positive note and appreciated by 15 paise to 69.62 against the US dollar in early trade Tuesday amid weakness in the greenback against some currencies overseas. Forex traders said, increased selling of the American currency by exporters and banks also supported the domestic currency. At the interbank forex market, the rupee opened higher at 69.63 and rose further to quote at 69.62, showing a rise of 15 paise over its previous close.

 Forex tradersForex traders

Advertisement

The Indian rupee Monday signed off the last trading session of 2018 with 18 paise gains at 69.77 per dollar. Meanwhile, the dollar index, which gauges the American currencies strength against a basket of six currencies was trading lower by 0.02 per cent at 96.15. Traders said, foreign fund outflows and higher crude oil prices weighed on the local unit and capped the upmove.

Foreign funds pulled out Rs 326.87 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 321.98 crore Monday, provisional data showed. Globally, Brent crude, the international benchmark, was trading 1.11 per cent higher at USD 53.80 per barrel.

Indian rupee signed off the last trading session of 2018 with 18 paiseIndian rupee signed off the last trading session of 2018 with 18 paise

Advertisement

Meanwhile, the BSE benchmark Sensex turned choppy after opening higher in early trade Tuesday amid sustained capital outflows by foreign funds and surging global crude oil prices. The 30-share index dropped over 85.77 points, or 0.24 per cent, to 35,982.56 in morning trade, after touching a high of 36,161.80 at the outset.

SHARE ARTICLE

PTI

Advertisement
Advertisement

Exclusive Interview: Sports Minister Meet Hayer on the Cricket Pitch | Nimrat Kaur | SpokesmanTv

07 Nov 2023 5:55 PM

"Spokesman Di Sath" at Ghagwal Village, Major Revelations by villagers

09 Oct 2023 6:30 PM

Drugs Being sold inside the Jail, Major revelation of this prisoner on Spokesman Tv......

06 Sep 2023 6:01 PM

Sukhjinder Randhawa's Son Udayveer's Major Statement After Fight Video Went Viral | Interview

31 Aug 2023 6:45 PM

Exclusive Disclosure in Kotakpura Firing Case, Spokesman got Solid Evidence! Watch the video!

31 Aug 2023 6:43 PM
Advertisement