• Deccan Chronicle
  • Andhra Bhoomi
  • Asian Age
  • ePaper
  •  Auto Refresh
Home

ePaper
Last Updated:10:33 AM IST | Thursday, May 19, 2022
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Menu
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Home > Markets > Rupee rises 12 paise to 70.80 against US dollar in early trade
Markets
Rupee rises 12 paise to 70.80 against US dollar in early trade
By  
PTI   , Published : Dec 11, 2019, 11:14 am IST | Updated : Dec 11, 2019, 11:14 am IST

Forex traders said investors were optimistic about the US-China trade talks.

At the interbank foreign exchange the rupee opened at 70.87, then gathered momentum and touched a high of 70.80 against the US dollar, registering a rise of 12 paise over its previous close.
At the interbank foreign exchange the rupee opened at 70.87, then gathered momentum and touched a high of 70.80 against the US dollar, registering a rise of 12 paise over its previous close.

Mumbai: The Indian rupee appreciated by 12 paise to 70.80 against the US dollar in early trade on Wednesday as positive opening in domestic equities and easing crude oil prices strengthened investor sentiments.

At the interbank foreign exchange the rupee opened at 70.87, then gathered momentum and touched a high of 70.80 against the US dollar, registering a rise of 12 paise over its previous close.

On Tuesday, rupee had settled for the day at 70.92 against the US dollar.

The domestic unit, however, could not hold on to the gains and was trading at 70.83 against the dollar at 0933 hrs.

Forex traders said investors were optimistic about the US-China trade talks.

According to a media report, US and Chinese officials are working on a deal to postpone tariffs set to hit Chinese imports from December 15.

Domestic bourses opened on a positive note on Wednesday with benchmark indices Sensex trading 70.18 points higher at 40,310.06 and Nifty higher by 13.50 points at 11,870.30.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.10 per cent to 97.50.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 366.79 crore on Tuesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 0.68 per cent to trade at USD 63.90 per barrel.

The 10-year government bond yield was at 6.71 per cent in morning trade.

end-of
Tags: 
rupee, us dollar, forex trade, forex, interbank foreign exchange
Location: 
India, Maharashtra, Mumbai (Bombay)
Latest From Markets
After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74. (Photo: File | PTI)

Sensex tanks 304 points on last day of 2019; Nifty drops below 12,200

The 30-share BSE Sensex fell 108.21 points or 0.26 per cent to 41,449.79, and the broader NSE Nifty slipped to 12,227.75. (Photo: File | AP)

Sensex drops over 100 points amid thin global trade

Besides, weakening of the American currency in overseas market supported the rupee, while steady rise in crude oil prices and weak opening in domestic equities weighed on the local unit, forex traders said.

Rupee rises 8 paise to 71.23 against US dollar in early trade

Most Popular

Mukesh Ambani 9th richest on Forbes' real-time billionaires list
Top credit card myths harmful for your financial well-being
Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019
Employment growth slowed down in last two years: report
GST structure: key challenges and its solutions

Editor's Picks

Income tax e-filers drop by over 6.6 lakh in FY19: Official data
Swiping on your smartphone reveals a lot about you to your social media company
  • Read Financial Chronicle as it appears in print.
  • Subscribe, and get it delivered in the inbox everyday.
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
  • Home
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Guidelines
  • Copyright © 2019 Financial Chronicle, All rights reserved
Developed & Maintained By Daksham