Rupee rises 16 paise to 70.09 in early trade driven by positive opening in domestic equities, weak greenback

The rupee opened strong at 70.12 at the interbank forex market, then gained further ground to touch 70.09 per dollar, displaying gains of 16 paise against the greenback.

Press Trust of India April 26, 2019 11:07:24 IST
Rupee rises 16 paise to 70.09 in early trade driven by positive opening in domestic equities, weak greenback
  • The rupee opened strong at 70.12 at the interbank forex market, then gained further ground

  • On Thursday, the rupee had settled at 70.25 against the US dollar

  • Foreign funds infused Rs 3,785.73 crore in capital market on a net basis

Mumbai: The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade on Friday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

Rupee rises 16 paise to 7009 in early trade driven by positive opening in domestic equities weak greenback

Representational image. Reuters.

The rupee opened strong at 70.12 at the interbank forex market, then gained further ground to touch 70.09 per dollar, displaying gains of 16 paise against the greenback.

Forex dealers said, easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee.

On Thursday, the rupee had settled at 70.25 against the US dollar.

Foreign funds infused Rs 3,785.73 crore in capital market on a net basis, while domestic institutional investors sold shares worth Rs 4,069.98 crore on Thursday, provisional data showed.

The benchmark BSE Sensex was trading with gains of 150.56 points, or 0.39 percent, at 38,864.41; while the NSE Nifty was trading at 11,692.05, up 50.25 points, or 0.43 percent.

Meanwhile, Brent crude, the global benchmark, was trading at 74.14 per barrel lower by 0.28 percent.

Updated Date:

also read

Rupee tanks 90 paise to close at all-time low of 80.86 against US dollar
Business

Rupee tanks 90 paise to close at all-time low of 80.86 against US dollar

At the interbank foreign exchange market, the local currency opened at 80.27, then fell further to an all-time intra-day low of 80.95 against the American currency

Rupee falls 30 paise to 79.47 against US dollar
Business

Rupee falls 30 paise to 79.47 against US dollar

At the interbank foreign exchange market, the domestic currency opened at 79.58 per dollar. It hovered in a range of 79.38 to 79.60 during the session

Rupee falls 7 paise to close at 79.78 against US dollar
Business

Rupee falls 7 paise to close at 79.78 against US dollar

At the interbank foreign exchange market, the domestic currency opened at 79.80 per dollar. It hovered in a range of 79.71 to 79.85 during the session