Published on 7/07/2017 5:46:51 PM | Source: Dion Global Solutions Ltd.
Rupee surges 18 paise at 64.76 against greenback
The Indian Rupee was trading higher against the greenback on Friday amid selling of dollar by banks and exporters as investors were boosted by the Federal Reserve policy outcome. The Fed minutes showed that there is disagreement among policy makers on the timing of interest rate hikes and the timeframe for rolling back the multi-trillion-dollar investment holdings.
At the Interbank Foreign Exchange Market, the local currency was up by 18 paise to trade at 64.76 per dollar against a previous close of 64.94 per dollar at 16:55 hours. In the day’s trade so far, the Rupee touched an intra-day high of 64.73 after making a positive opening at 64.91. However, lackluster trade across equity market restricted the home currency’s upward movement. Meanwhile, the 30-share barometer SENSEX closed at 31360.63, down by 8.71 points or by 0.03 per cent, and the NSE Nifty was at 9665.8, down by 8.75 points or by 0.09 per cent.