The Indian rupee shot up by 34 paise to 46.49/50 against the US dollar to extend gains for the third day on signs of capital inflows, amid the stock markets rising for the fourth day in succession.
The Indian rupee resumed higher at 46.70/71 per dollar against last weekend's level of 46.83/84 per dollar and shot up further to 46.41 per dollar before concluding at 46.49/50 per dollar.
The rupee has gained 52 paise, or 1.11 per cent, in three trading sessions against the dollar.
Dealers in forex said there was hectic demand for the rupee, with capital inflows surging. The Bombay Stock Exchange benchmark Sensex has been on a four-day gaining streak, adding 721.07 points (4.33 per cent). Today, the 30-share barometer rose 273.2 points, or 1.6 per cent, to finish at 17,338.17
The Indian rupee resumed higher at 46.70/71 per dollar against last weekend's level of 46.83/84 per dollar and shot up further to 46.41 per dollar before concluding at 46.49/50 per dollar.
The rupee has gained 52 paise, or 1.11 per cent, in three trading sessions against the dollar.
Dealers in forex said there was hectic demand for the rupee, with capital inflows surging. The Bombay Stock Exchange benchmark Sensex has been on a four-day gaining streak, adding 721.07 points (4.33 per cent). Today, the 30-share barometer rose 273.2 points, or 1.6 per cent, to finish at 17,338.17
No comments:
Post a Comment