Rupee loses against dollar as state banks buy; fall in euro aids
Rupee was trading at 61.92/93 against dollar versus Friday's close of 61.7625/7725. Pair earlier rose to 61.6550. Euro was close to a two-year trough against the dollar as investors bet the ECB will ease monetary policy more aggressively. Traders said that good demand for the greenback also seen from
state-run banks, offsetting foreign fund inflows into shares. NSE index ended up 0.6 per cent. Asian shares were broadly higher on prospects of further policy stimulus in China and Europe.
Rupee gains 8 paise against dollar in early trade
The rupee strengthened by eight paise to 61.68 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst sustained foreign capital inflows. Forex dealers said apart from increased selling of the American currency by exporters and banks, the dollar's weakness against some currencies overseas, supported the rupee. A higher opening in the domestic equity market, which soared to new highs, too supported the rupee, they added. The rupee had strengthened by 18 paise to end at 61.76 against the Greenback on Friday on suspected selling of the US dollar by state-run banks on behalf of the RBI and a strong rally in local stocks. Meanwhile, the benchmark BSE Sensex spurted by 180.35 points, or 0.63 per cent, to hit another record-high of 28,514.98 points in opening trade today.
Rupee was trading at 61.92/93 against dollar versus Friday's close of 61.7625/7725. Pair earlier rose to 61.6550. Euro was close to a two-year trough against the dollar as investors bet the ECB will ease monetary policy more aggressively. Traders said that good demand for the greenback also seen from
state-run banks, offsetting foreign fund inflows into shares. NSE index ended up 0.6 per cent. Asian shares were broadly higher on prospects of further policy stimulus in China and Europe.
Rupee gains 8 paise against dollar in early trade
The rupee strengthened by eight paise to 61.68 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst sustained foreign capital inflows. Forex dealers said apart from increased selling of the American currency by exporters and banks, the dollar's weakness against some currencies overseas, supported the rupee. A higher opening in the domestic equity market, which soared to new highs, too supported the rupee, they added. The rupee had strengthened by 18 paise to end at 61.76 against the Greenback on Friday on suspected selling of the US dollar by state-run banks on behalf of the RBI and a strong rally in local stocks. Meanwhile, the benchmark BSE Sensex spurted by 180.35 points, or 0.63 per cent, to hit another record-high of 28,514.98 points in opening trade today.
Research
Via
is a leading financial advisory provides free tips on Indian share
market like Stock
Options Tips, Stock
Option Tips, nifty
options calls, Nifty
Option Tips, Nifty
options tips, Equity
tips, mcx
Gold tips, Free
Ncdex Tips, comex
tips.
No comments:
Post a Comment