Rupee rises 10 paise against dollar to 71.87 on increased selling of US currency by banks, exporters

Weakness in the greenback against some currencies overseas, increased foreign fund inflows and a higher opening of domestic equities supported the rupee

Press Trust of India November 16, 2018 10:28:31 IST
Rupee rises 10 paise against dollar to 71.87 on increased selling of US currency by banks, exporters

Mumbai: The rupee firmed 10 paise to 71.87 against the US dollar Friday on increased selling of the US currency by exporters and banks.

Besides, weakness in the greenback against some currencies overseas, increased foreign fund inflows and a higher opening of domestic equities supported the rupee, traders said.

Rupee rises 10 paise against dollar to 7187 on increased selling of US currency by banks exporters

Rupee and US dollar Representational image. Reuters.

Foreign funds bought shares worth a net of Rs 2,043.06 crore Thursday, as per provisional data.

At the interbank forex market, the rupee opened higher at 71.94, and advanced 10 paise to 71.87 against the US dollar.

The rupee had vaulted 34 paise to close at a two-month high of 71.97 against the US dollar Thursday on robust foreign fund inflows amid low crude oil prices.

Meanwhile, the benchmark BSE Sensex rose 96.29 points, or 0.28 percent, to 35,356.83 in early session Friday.

Updated Date:

also read

Gadar: Ek Prem Katha turns 20; Sunny Deol, Anil Sharma express gratitude to fans on social media
Entertainment

Gadar: Ek Prem Katha turns 20; Sunny Deol, Anil Sharma express gratitude to fans on social media

Sunny Deol on Gadar clocking 20 years: 'We made a film, you made it an event'

Investing in Bitcoin? You may want to know about 'satoshi' before shopping
World

Investing in Bitcoin? You may want to know about 'satoshi' before shopping

Bitcoin: El Salvador embraces the cryptocurrency but not at the cost of US dollar