You are here: Home » PTI Stories » National » News
Business Standard

Rupee builds on surge, up 9 paise against dollar

Press Trust of India  |  Mumbai 

A day after it surged to a 16-month high on higher expectations of bold reforms, the rupee made a positive start -- though muted -- by rising 9 paise to 65.73 against the dollar today, backed by foreign inflows.

Selling of the by exporters and banks and its weakness overseas gave the rupee an upperhand, dealers said.



Further, a higher opening in the domestic fuelled rupee uptrend, they added.

Yesterday, the rupee had jumped a massive 78 paise to end at 65.82, a nearly one-and-a-half year high, amid expectations that BJP's emphatic victory in will embolden the to go for more reforms.

Meanwhile, the benchmark rose by another 26.22 points, or 0.08 per cent, at 29,468.85 in early trade today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Rupee builds on surge, up 9 paise against dollar

A day after it surged to a 16-month high on higher expectations of bold reforms, the rupee made a positive start -- though muted -- by rising 9 paise to 65.73 against the dollar today, backed by foreign inflows. Selling of the US dollar by exporters and banks and its weakness overseas gave the rupee an upperhand, dealers said. Further, a higher opening in the domestic stock market fuelled rupee uptrend, they added. Yesterday, the rupee had jumped a massive 78 paise to end at 65.82, a nearly one-and-a-half year high, amid expectations that BJP's emphatic victory in Uttar Pradesh will embolden the government to go for more reforms. Meanwhile, the benchmark BSE Sensex rose by another 26.22 points, or 0.08 per cent, at 29,468.85 in early trade today. A day after it surged to a 16-month high on higher expectations of bold reforms, the rupee made a positive start -- though muted -- by rising 9 paise to 65.73 against the dollar today, backed by foreign inflows.

Selling of the by exporters and banks and its weakness overseas gave the rupee an upperhand, dealers said.

Further, a higher opening in the domestic fuelled rupee uptrend, they added.

Yesterday, the rupee had jumped a massive 78 paise to end at 65.82, a nearly one-and-a-half year high, amid expectations that BJP's emphatic victory in will embolden the to go for more reforms.

Meanwhile, the benchmark rose by another 26.22 points, or 0.08 per cent, at 29,468.85 in early trade today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Rupee builds on surge, up 9 paise against dollar

A day after it surged to a 16-month high on higher expectations of bold reforms, the rupee made a positive start -- though muted -- by rising 9 paise to 65.73 against the dollar today, backed by foreign inflows.

Selling of the by exporters and banks and its weakness overseas gave the rupee an upperhand, dealers said.

Further, a higher opening in the domestic fuelled rupee uptrend, they added.

Yesterday, the rupee had jumped a massive 78 paise to end at 65.82, a nearly one-and-a-half year high, amid expectations that BJP's emphatic victory in will embolden the to go for more reforms.

Meanwhile, the benchmark rose by another 26.22 points, or 0.08 per cent, at 29,468.85 in early trade today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22