Rupee rallies 39 paise to 7467 against US dollar
Mumbai Feb 18 PTI The rupee appreciated by 39 paise to 7467 against the US dollar on Friday on hopes of a diplomatic solution to the East-West standoff over Ukraine At the interbank forex market the local unit opened at 7503 against the greenback and witnessed an intra-day high of 7460 and a low of 7505 The rupee was quoted at 7467 at 1530 hrs registering a rise of 39 paise over its previous close 7506 The rupee had closed the session on Thursday at 7511 provisionally but later settled at 7506 The proposed US-Russia talks spurred optimism about the volatile geopolitical situation in Ukraine said Dilip Parmar Research Analyst HDFC Securities Rupee recouped previous week and most of the current month losses amid long unwinding in dollar lower crude oil prices and expectation of dollar inflows from LIC IPO Parmar said adding that foreign fund outflows and risk-averse sentiments could limit the gains in the rupee Meanwhile the dollar index which measures the greenbacks strength against a basket of six currencies advanced 005 per cent to 9584 On the domestic equity market front the BSE Sensex ended 5904 points or 010 per cent lower at 5783297 while the broader NSE Nifty fell 2830 points or 016 per cent to 1727630 Brent crude futures the global oil benchmark was trading 168 per cent lower at USD 9141 per barrel Foreign institutional investors remained net sellers in the capital market on Thursday as they offloaded shares worth Rs 124210 crore as per stock exchange data PTI DRR MR
Mumbai Feb 18 PTI The rupee appreciated by 39 paise to 7467 against the US dollar on Friday on hopes of a diplomatic solution to the East-West standoff over Ukraine At the interbank forex market the local unit opened at 7503 against the greenback and witnessed an intra-day high of 7460 and a low of 7505 The rupee was quoted at 7467 at 1530 hrs registering a rise of 39 paise over its previous close 7506 The rupee had closed the session on Thursday at 7511 provisionally but later settled at 7506 The proposed US-Russia talks spurred optimism about the volatile geopolitical situation in Ukraine said Dilip Parmar Research Analyst HDFC Securities Rupee recouped previous week and most of the current month losses amid long unwinding in dollar lower crude oil prices and expectation of dollar inflows from LIC IPO Parmar said adding that foreign fund outflows and risk-averse sentiments could limit the gains in the rupee Meanwhile the dollar index which measures the greenbacks strength against a basket of six currencies advanced 005 per cent to 9584 On the domestic equity market front the BSE Sensex ended 5904 points or 010 per cent lower at 5783297 while the broader NSE Nifty fell 2830 points or 016 per cent to 1727630 Brent crude futures the global oil benchmark was trading 168 per cent lower at USD 9141 per barrel Foreign institutional investors remained net sellers in the capital market on Thursday as they offloaded shares worth Rs 124210 crore as per stock exchange data PTI DRR MR
