ZCZC
BCN-18
INDIA-RUPEE-USD
Rupee rises 9 paise to 68.65 against US dollar in early trade
Mumbai, Apr 3, 2019 (BSS/PTI) – The rupee appreciated by 9 paise to 68.65
against the US dollar in opening trade Wednesday, driven by weakening of the
greenback in overseas markets and sustained foreign inflows.
The rupee opened at 68.72 at the interbank forex market, then gained
further ground and touched a high of 68.56. The local unit, however, pared
some gains and was quoted at 68.65 against the American currency at 0926 hrs,
displaying gains of 9 paise over its last close.
On Tuesday, the rupee had settled at 68.74 against the US dollar.
Forex dealers said, selling of the American currency by exporters, fresh
foreign fund inflows and positive opening in domestic equities supported the
rupee.
Foreign institutional investors (FIIs) remained net buyers in the capital
markets, putting in Rs 543.36 crore on a net basis Tuesday, as per
provisional data.
Brent crude futures, the global oil benchmark, rose 0.49 per cent to USD
69.71 per barrel.
Meanwhile, the BSE benchmark Sensex was quoted above 39,200-level and the
NSE Nifty went past the key 11,700-mark in early deals Wednesday.
BSS/AFP/HR/1305