Published on 16/05/2017 4:58:05 PM | Source: Dion Global Solutions Ltd

Rupee edges higher against greenback

Posted in Top Stories | #Rupee #NSE #Currency News

The Indian Rupee continued its gaining streak against the greenback on Tuesday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. Adding to it, firmness in the domestic equity market also gave a lift to rupee.

At the Interbank Foreign Exchange Market, the local currency was up by 03 per cent to trade at 64.15 per dollar against a previous close of 64.18 per dollar at 12:15 hour. Meanwhile, the 30-share barometer SENSEX was trading at 30429.38, up by 107.26 points or by 0.35 per cent, and the NSE Nifty was at 9466.7, up by 21.3 points or by 0.23 per cent. As on May 15, 2017, the FIIs emerged as net buyer in both equity and debt segments.

Gross equity purchased stood at Rs. 4782.52 Crore and gross debt purchased stood at Rs. 2347.51 Crore, while the gross equity sold stood at Rs. 3866.47 Crore and gross debt sold stood at Rs. 503.00 Crore. Therefore, the net investment of equity and debt reported were Rs. 916.05 Crore and Rs. 1844.51.