Thursday, June 20, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Re ticks up 16 ps, in sync with local stocks

Re ticks up 16 ps, in sync with local stocks

Mumbai: Tracking the smart rally in local equities in late-morning deals, the rupee appreciated further by 16 paise to quote at 63.78 against the American unit at 1045 hours.Sustained dollar selling by exporters and some

PTI Updated on: May 11, 2015 12:29 IST
re ticks up 16 ps in sync with local stocks
re ticks up 16 ps in sync with local stocks

Mumbai: Tracking the smart rally in local equities in late-morning deals, the rupee appreciated further by 16 paise to quote at 63.78 against the American unit at 1045 hours.

Sustained dollar selling by exporters and some banks, too, had a positive impact on the rupee, a forex dealer said.

However, firm dollar overseas after strong jobs data announced last weekend and continued capital outflow limited the rupee rise, he added.

At the Interbank Foreign Exchange (Forex) market, the domestic currency resumed better at 63.85 a dollar from last close of 63.94 and moved in a range of 63.77 and 63.92 before being quoted at 63.78 at 1045 hours, a rise of 16 paise, or 0.25 per cent.

Last Friday, it went up 29 paise, or 0.45 per cent.

The benchmark S&P BSE Sensex today rallied further by 281 points, or 1.04 pct, in late-morning deals while foreign portfolio investors (FPIs) sold shares worth Rs 437.56 crore last weekend, according to provisional data.

The dollar index, a gauge of six other major global rivals, was trading higher by 0.37 pct.

 

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement