Published on 8/05/2017 12:38:50 PM | Source: Dion Global Solutions Ltd

Rupee gains 15 paise against US dollar

Posted in Currency Top News | #Rupee #US dollar #Currency News

The Indian Rupee were trading higher against the greenback on Monday amid fresh selling of dollar by banks and exporters, while fresh fund inflows by foreign portfolio investors boosted rupee’s movement.

Adding to it, firm trend at domestic equity market and Asian currencies markets also boosted home currency movement. At the Interbank Foreign Exchange Market, the local currency was up by 15 per cent to trade at 64.39 per dollar against a previous close of 64.54 per dollar at 12:15 hour.

Meanwhile, the 30-share barometer SENSEX was trading at 29931.48, up by 72.68 points or by 0.24 per cent, and the NSE Nifty was at 9316.2, up by 30.9 points or by 0.33 per cent. As on May 05, 2017, the FIIs emerged as net seller in equity segment, but net buyer in debt market.

Gross equity purchased stood at Rs. 6023.42 Crore and gross debt purchased stood at Rs. 975.54 Crore, while the gross equity sold stood at Rs. 6163.58 Crore and gross debt sold stood at Rs. 228.60 Crore. Therefore, the net investment of equity and debt reported were Rs. -140.16 Crore and Rs. 746.94.