ZCZC
BCN-15
INDIA-RUPEE-USD
Rupee rises 21 paise to 70.64 against USD in early trade
Mumbai, Dec 12, 2019 (BSS/PTI) – 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.
Forex traders said the domestic unit gained ground ahead of the release of
key macro-economic numbers.
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.
Forex traders said investors were optimistic about the US-China trade
talks. Moreover, positive opening in domestic equities also supported the
local unit.
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.
Foreign institutional investors (FIIs) remained net buyers in the capital
market, as they purchased shares worth Rs 605.41 crore on Wednesday,
according to provisional exchange data.
Brent crude futures, the global oil benchmark, rose 0.44 per cent to trade
at USD 64.00 per barrel.
The 10-year government bond yield was at 6.75 per cent in morning trade.
BSS/AFP/HR/141420