Business Standard

Rupee rises to 6-month high of 51.41/dollar

Strong capital inflows and firming trend in equity mkt after govt unleashed second wave of reforms supported rupee

Related News

The today gained 33 paise to nearly six-month high of 51.41 against the in on strong capital inflows and a firming trend in the after the government unleashed second wave of yesterday.

Forex dealers said persistent dollar selling by and and weak American currency against the also kept rupee strong.

The benchmark rose for the fifth day in a row to fresh 15-month high of 19,086.11 in early trade today after the government yesterday decided to open the pension sector to foreign investment and raising cap in insurance to 49% from 26%.

The rupee had gained 42 paise yesterday to close at over 5-1/2-month high of 51.74 against the dollar.

Read more on:   
|
|
|
|
|
|
|
|
|
|
|
|
|

Read More

Rupee down 19 paise to 54.17/dollar

The rupee fell by 19 paise to 54.17 against the American currency in the late morning trade on month-end dollar demand from importers despite weak ...

Quick Links

More news from Finance Rss icon

International Finance Corp bond issue to fund projects

Aims to raise Rs 15,000 cr over 5 years from rupee-denominated bonds and currency swaps for projects and to develop the market

FD scam: Dena, OBC stocks fall

Besides the CBI probe, govt as the owner of both banks has ordered a forensic audit

Banks in Odisha achieve 18% of annual credit target by June

PSU lenders post dismal credit offtake; Central Bank achieves 4.25%, while Indian Bank and SBI achieve 6% and 8.55% respectively

Back to Top