Rupee opens 9 paise higher at 71.15 against US dollar on weakening greenback in overseas markets

The rupee gained further ground and touched a high of 71.13 amid easing crude prices, displaying gains of 11 paise over its previous close against the greenback

Press Trust of India January 17, 2019 11:02:52 IST
Rupee opens 9 paise higher at 71.15 against US dollar on weakening greenback in overseas markets
  • The rupee Wednesday plunged by 19 paise to close at 71.24 against the US dollar

  • Forex dealers said, easing crude oil prices and selling of the American currency by exporters supported the rupee

  • Sustained foreign fund outflows, however, restricted the rupee upmove, they added

Mumbai: The rupee appreciated by 9 paise to 71.15 against the US dollar in opening trade Thursday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

The rupee gained further ground and touched a high of 71.13 amid easing crude prices, displaying gains of 11 paise over its previous close against the greenback.

The rupee Wednesday plunged by 19 paise to close at 71.24 against the US dollar.

Rupee opens 9 paise higher at 7115 against US dollar on weakening greenback in overseas markets

Representational image. Reuters.

Forex dealers said, easing crude oil prices and selling of the American currency by exporters supported the rupee.

Sustained foreign fund outflows, however, restricted the rupee upmove, they added.

Foreign funds pulled out Rs 90.10 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 304.27 crore Wednesday, provisional data showed.

The benchmark BSE Sensex was trading with gains of 79.29 points, or 0.22 percent at 36,400.58 while the NSE Nifty was trading at 10,913.95, up 23.65 points, or 0.22 percent.

Meanwhile, brent crude, the global benchmark, was trading lower at 61.04 per barrel lower by 0.46 percent.

 

 

To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day.

To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.

Updated Date:

also read

Market roundup: Sensex jumps by 568 points, Nifty at 18,337; today's top gainers and losers
Business

Market roundup: Sensex jumps by 568 points, Nifty at 18,337; today's top gainers and losers

Sensex increased by 568.90 points to end at 61,305.95 while Nifty ended at 18,337.90 after gaining 176.15 points.

Rupee slips 13 paise to 8-week low of 74.44 against US dollar as crude oil prices rise
India

Rupee slips 13 paise to 8-week low of 74.44 against US dollar as crude oil prices rise

At the interbank foreign exchange market, Rupee opened on a weak note and witnessed an intra-day high of 74.41 and a low of 74.63 against the US dollar in day trade

Rupee slumps 19 paise to over six-week low of 74.31 against US dollar amid rising crude oil prices
Business

Rupee slumps 19 paise to over six-week low of 74.31 against US dollar amid rising crude oil prices

At the interbank foreign exchange market, the local currency opened at 74.16 and witnessed an intra-day high of 74.13 and a low of 74.41 against the US dollar