Rupee rises 16 paise to 71.74 against US dollar in early trade : The Tribune India

Join Whatsapp Channel

Rupee rises 16 paise to 71.74 against US dollar in early trade

MUMBAI: The rupee appreciated by 16 paise to 71.74 against the US dollar in early trade on Monday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities.

Rupee rises 16 paise to 71.74 against US dollar in early trade

Forex traders said increased selling of the American currency by exporters and banks and sustained foreign fund inflows also supported the domestic currency.



Mumbai, December 17

The rupee appreciated by 16 paise to 71.74 against the US dollar in early trade on Monday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities.

Forex traders said increased selling of the American currency by exporters and banks and sustained foreign fund inflows also supported the domestic currency.

At the interbank forex market, the rupee opened higher at 71.84 and rose further to quote at 71.74, showing a rise of 16 paise over its previous close.

On Friday, the rupee fell by 22 paise against the dollar to close at 71.90.

Globally, Brent Crude, the international benchmark, was trading 0.13 per cent down at USD 60.36 per barrel.

Meanwhile, on net basis, foreign funds bought shares worth Rs 861.94 crore, while DIIs sold shares of Rs 303.52 crore Friday, provisional data showed.

The 30-share index rose 229.04 points, or 0.64 per cent, to trade at 3,6191.97. In similar movement, the NSE Nifty was trading 59.15 points, or 0.55 per cent, higher at 10,864.60. PTI

Top News

Arvind Kejriwal to be produced before Delhi court today as 6-day ED custody ends

Excise policy case: Delhi court extends ED custody of Chief Minister Arvind Kejriwal till April 1

In his submissions, Kejriwal said, ‘I am named by 4 witnesse...

Delhi High Court dismisses PIL to remove Arvind Kejriwal from CM post after arrest

Delhi High Court dismisses PIL to remove Arvind Kejriwal from CM post after arrest

The bench refuses to comment on merits of the issue, saying ...

US makes another remark on Kejriwal's arrest, reacts to freezing of Congress bank accounts

US makes another remark on Arvind Kejriwal's arrest, reacts to freezing of Congress bank accounts

We encourage fair, transparent and timely legal processes, s...

Explainer: Why BJP is flying solo in Punjab and Odisha

Explainer: Why BJP is flying solo in Punjab and Odisha

A multi-cornered contest is always advantageous for BJP; it ...


Cities

View All