Published on 6/07/2017 1:31:29 PM | Source: Dion Global Solutions Ltd.
Rupee up 4 paise against greenback
The Indian Rupee was trading higher against the greenback on Thursday, wiping out previous day losses, amid selling of dollar by banks and exporters as investors digested the Federal Reserve’s recent meeting. 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 04 paise to trade at 64.95 per dollar against a previous close of 64.99 per dollar at 12:55 hours. In the day’s trade so far, the Rupee touched an intra-day high of 64.90 after making a positive opening at 64.95. Adding to it, firm trading across equity market also boosted the home currency’s upward movement. The 30-share barometer Sensex was at 31396.26, up by 150.7 points or by 0.48 per cent, and the NSE Nifty was at 9679.05, up by 41.45 points or by 0.43 per cent.