Rupee strengthens further by 13 paise, ends at 67.14
Firm equity market also boosted the rupee value against the dollar, a forex dealer said. Foreign Protfolio Investors and Foreign Institutional Investors bought shares net Rs 404.69 cr on Wednesday as per the provisional data issued by stock exchanges. The Sensex gained by 47.81 points or 0.17 per cent.
- Jul 27, 2016,
- Updated Jul 27, 2016 6:03 PM IST
Extending its gains against the American currency for the second straight day, the rupee ended higher by 13 paise to 67.14 per dollar on sustained selling of dollars by banks an exporters in view of persistent foreign capital inflows despite firm dollar overseas.
Firm equity market also boosted the rupee value against the dollar, a forex dealer said. Foreign Protfolio Investors and Foreign Institutional Investors bought shares net Rs 404.69 cr on Wednesday as per the provisional data issued by stock exchanges. The Sensex gained by 47.81 points or 0.17 per cent.
The rupee opened lower at 67.33 as against Tuesday's closing level of 67.27 per dollar at the Interbank Foreign Exchange (Forex) market and moved down further to 67.34 per dollar on initial dollar demand from importers.
However, it recovered afterwards to close at 67.14 per dollar on fag-end selling of dollars by banks, showing a gain of 13 paise or 0.19 per cent.
The rupee has gained by 21 paise or 0.31 per cent in two days.
The domestic unit hovered in a range of 67.14 and 67.34 during the day.
The dollar index was trading up 0.10 per cent against a basket of six currencies in the late trade.
Meanwhile, the RBI fixed the reference rate for the dollar at 67.2362 and euro at 73.8859.
In cross-currency trades, the rupee firmed up further against the pound sterling to close at 87.97 from 88.26 previously and recovered against the euro to settle at 73.83 from 74.01 previously.
Extending its gains against the American currency for the second straight day, the rupee ended higher by 13 paise to 67.14 per dollar on sustained selling of dollars by banks an exporters in view of persistent foreign capital inflows despite firm dollar overseas.
Firm equity market also boosted the rupee value against the dollar, a forex dealer said. Foreign Protfolio Investors and Foreign Institutional Investors bought shares net Rs 404.69 cr on Wednesday as per the provisional data issued by stock exchanges. The Sensex gained by 47.81 points or 0.17 per cent.
The rupee opened lower at 67.33 as against Tuesday's closing level of 67.27 per dollar at the Interbank Foreign Exchange (Forex) market and moved down further to 67.34 per dollar on initial dollar demand from importers.
However, it recovered afterwards to close at 67.14 per dollar on fag-end selling of dollars by banks, showing a gain of 13 paise or 0.19 per cent.
The rupee has gained by 21 paise or 0.31 per cent in two days.
The domestic unit hovered in a range of 67.14 and 67.34 during the day.
The dollar index was trading up 0.10 per cent against a basket of six currencies in the late trade.
Meanwhile, the RBI fixed the reference rate for the dollar at 67.2362 and euro at 73.8859.
In cross-currency trades, the rupee firmed up further against the pound sterling to close at 87.97 from 88.26 previously and recovered against the euro to settle at 73.83 from 74.01 previously.