Published on 11/06/2018 1:13:57 PM | Source: Dion Global Solutions Ltd

Rupee surges 24 paise at 67.46 on sustained dollar selling

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

The Indian rupee was trading higher against the greenback on Monday amid sustained bouts of dollar selling from banks and exporters ahead of the outcome of monetary policy reviews by the world’s three leading central banks, ECB, Federal Bank and Bank of Japan. On the domestic front, the traders awaited slew of macro data such as consumer price index inflation and index of industrial production data. The rupee opened higher at 67.55 from previous closing level at 67.70 per dollar at the inter-bank foreign exchange here.

The local currency was currently trading up 24 paise at 67.46, while it touched high and low of 67.41 and 67.60 during the day’s trade (at 12:35 hours). Adding to it, bullish trend across the domestic equity market also boosted sentiment at local forex market. Meanwhile, the BSE Sensex was trading at 35611.79, up by 168.12 points or by 0.47 per cent, and the NSE Nifty was at 10824.85, up by 57.2 points or by 0.53 per cent.