Rupee surges 19 paise to 7631 against US dollar in early trade
Mumbai Apr 20 PTI The rupee appreciated 19 paise to 7631 against the US dollar in opening trade on Wednesday tracking positive trends among Asian and emerging market currencies At the interbank foreign exchange the rupee opened at 7641 against the American dollar then gained further ground to quote at 7631 registering a rise of 19 paise from the last close On Tuesday the rupee depreciated by 21 paise to close at 7650 against the US dollar The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 032 per cent lower at 10064 Expectations of quicker rate hike continued to push the dollar and the bond yields higher and will continue to weigh on sentiments Sriram Iyer Senior Research Analyst at Reliance Securities said Most emerging market and Asian peers were stronger against the US dollar this Wednesday morning and could boost investor sentiments On the domestic equity market front the 30-share Sensex was trading 39578 points or 070 per cent higher at 5685893 points while the broader NSE Nifty advanced 12570 points or 070 per cent to 1708435 points Global oil benchmark Brent crude futures rose 103 per cent to USD 10835 per barrel Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 587169 crore as per stock exchange data PTI DRR RAM
Mumbai Apr 20 PTI The rupee appreciated 19 paise to 7631 against the US dollar in opening trade on Wednesday tracking positive trends among Asian and emerging market currencies At the interbank foreign exchange the rupee opened at 7641 against the American dollar then gained further ground to quote at 7631 registering a rise of 19 paise from the last close On Tuesday the rupee depreciated by 21 paise to close at 7650 against the US dollar The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 032 per cent lower at 10064 Expectations of quicker rate hike continued to push the dollar and the bond yields higher and will continue to weigh on sentiments Sriram Iyer Senior Research Analyst at Reliance Securities said Most emerging market and Asian peers were stronger against the US dollar this Wednesday morning and could boost investor sentiments On the domestic equity market front the 30-share Sensex was trading 39578 points or 070 per cent higher at 5685893 points while the broader NSE Nifty advanced 12570 points or 070 per cent to 1708435 points Global oil benchmark Brent crude futures rose 103 per cent to USD 10835 per barrel Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 587169 crore as per stock exchange data PTI DRR RAM
