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Rupee rises 21 paise to 70.64 against USD in early trade
The Indian rupee appreciated by 21 paise to 70.64 against the US dollar in early trade on Thursday as higher opening in domestic equities and sustained foreign fund inflows strengthened investor sentiments.
Mumbai: The Indian rupee appreciated by 21 paise to 70.64 against the US dollar in early trade on Thursday as higher opening in domestic equities and sustained foreign fund inflows strengthened investor sentiments.
Also Read: Sensex up 84 points in opening deals, Nifty hovers near 12,043
At the interbank foreign exchange the rupee opened at 70.67, then gained further ground and touched 70.64, registering a rise of 21 paise over its previous close.
On Wednesday, rupee had settled for the day at 70.85 against the US dollar. The domestic unit however could not hold on to the gains and was trading at 70.68 against the dollar at 0935 hrs.
Domestic bourses opened on a positive note on Thursday with benchmark indices Sensex trading 158.19 points higher at 40,570.76 and Nifty up by 47.30 points at 11,957.45. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.09 per cent to 97.03.
Also Read: Equity indices largely flat, auto and metal stocks gains
The 10-year government bond yield was at 6.75 per cent in morning trade.(PTI)