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Rupee strengthens to 64

Rupee strengthens to 64.13 on strong macroeconomic data

Thu Feb 14 2018

 

The rupee strengthened by 19 paise to 64.13 against the US dollar in early trade as domestic equities remained strong.

 

Dollar’s weakness against some currencies overseas, after US Federal Reserve Chairman Jerome Powell said that the central bank would remain alert to risks to financial stability in the wake of recent market rout, also supported the rupee’s upmove.

 

The US dollar hit a five-month low against the yen after Japan’s economy recorded its longest growth streak in 28 years.

 

According to forex dealers, 7.1 per cent growth in industrial output in December and dollar selling by exporters also supported the domestic unit. Forex market was closed yesterday for a public holiday.

 

On Monday, the rupee had ended 8 paise higher to end at 64.32 against the dollar on fresh selling of the American currency by exporters and banks in line with strong domestic equity market.

 

Meanwhile, the benchmark BSE Sensex rose 172.96 points or 0.50 per cent to 34,473.43, while the NSE Nifty climbed 41.50 points or 0.39 per cent to 10,581.25.

 

Source: http://www.thehindubusinessline.com/

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Monday, October 22, 2018
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MCXAluminiumOct18147.85149.2147.55147.8
MCXAluminium MiniOct18148.45149.2147.55147.8
NCDEXBarleyNov181860190518601896
MCXCardamomOct1814301443.71426.51439.5
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