Rupee rises 15 paise to 69.45 in early trade on weak greenback, sustained foreign fund inflows

The rupee opened at 69.48 at the interbank forex market, then gained further ground and touched a high of 69.45.

Press Trust of India April 18, 2019 10:44:02 IST
Rupee rises 15 paise to 69.45 in early trade on weak greenback, sustained foreign fund inflows
  • The local unit, however, pared some gains and was quoted at 69.52 against the American currency

  • On Tuesday the rupee had settled at 69.60 against the US dollar

  • Foreign institutional investors remained net buyers in the capital markets, putting in Rs 1,038.58 crore Tuesday

Mumbai: The rupee appreciated by 15 paise to 69.45 against the US dollar in opening trade on Thursday, driven by weakening of the greenback in overseas markets and sustained foreign fund inflows.

The rupee opened at 69.48 at the interbank forex market, then gained further ground and touched a high of 69.45. The local unit, however, pared some gains and was quoted at 69.52 against the American currency, displaying gains of 8 paise over its last close.

Rupee rises 15 paise to 6945 in early trade on weak greenback sustained foreign fund inflows

Representational image. Reuters.

On Tuesday the rupee had settled at 69.60 against the US dollar.

Currency market was shut on Wednesday on account of "Mahavir Jayanti".

Forex dealers said, selling of the American currency by exporters, fresh foreign fund inflows and positive opening in domestic equities supported the rupee.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,038.58 crore Tuesday, as per provisional data.

Brent crude futures, the global oil benchmark, eased 0.01 percent to $71.61 per barrel.

The benchmark BSE Sensex extended its record run by rising over 200 points in early trade on Thursday.

After hitting a lifetime high (intra-day) of 39,487.45, the 30-share index was trading 136.38 points or 0.35 per cent higher at 39,412.02. The NSE Nifty too soared to another record high of 11,856 in early session.

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