Published on 2/06/2017 4:58:31 PM | Source: Dion Global Solutions Ltd

Rupee extends rally against greenback

Posted in Currency Top News | #Rupee #Currency News


The Indian Rupee continued gaining streak on Friday amid sustained selling of dollar by banks and exporters, while fresh fund inflows by foreign portfolio investors also boosted home currency’s movement.

Adding to it, firmness in the domestic equity market also boosted Rupee’s upward movement.

At the Interbank Foreign Exchange Market, the local currency was up by 09 paise to trade at 64.63 per dollar against a previous close of 64.72 per dollar at 16:20 hours.

Meanwhile, the 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31273.29, up by 135.7 points or by 0.44 per cent, and the NSE Nifty ended at 9653.5, up by 37.4 points or by 0.39 per cent.