Breaking |

Breaking |

Rupee spurts 29 paise against US dollar in early trade
Published : Jan 23, 2019, 10:07 am IST
Updated : Jan 23, 2019, 10:55 am IST
SHARE ARTICLE
Rupee spurts 29 paise against US dollar
Rupee spurts 29 paise against US dollar

The rupee rose 29 paise to 71.15 against the US dollar in early session Wednesday on increased selling of the American currency by exporters

Mumbai, Jan 23: The rupee rose 29 paise to 71.15 against the US dollar in early session Wednesday on increased selling of the American currency by exporters and banks amid a positive opening of the domestic equity markets. At the Interbank forex market, the rupee opened higher at 71.19 and advanced further to quote 29 paise higher at 71.15 against the dollar. Besides, the dollar falling against other currencies overseas on lingering worries about a global slowdown and continuing US-China trade tensions, supported the Indian rupee, forex dealers said.

Foreign portfolio investorsForeign portfolio investors

Advertisement

However, sustained foreign fund outflows capped the gains, they added. On Tuesday, the rupee had skidded by 16 paise -- its third straight session of loss -- to close at 71.44 against the US dollar amid strengthening of the greenback and heavy selling in domestic equities. Foreign portfolio investors (FPIs) sold shares worth a net of Rs 78.53 crore, and domestic institutional investors (DIIs) were sellers to the tune of Rs 84.15 crore Tuesday, provisional data showed.  Meanwhile, the benchmark BSE Sensex rose 37.05 points, or 0.10 per cent, to 36,481.69 after rising to 36,521.47 in opening trade.

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