The rupee gained strength against the US dollar in early trade on Wednesday, inching up 10 paise to 65.30, on a slide in the greenback on Tuesday.
The domestic unit snapped a five-day winning spree against the US dollar on Tuesday to close 12 paise lower at 65.41 on fresh demand for the American currency from banks and importers.
Continued strength in domestic equities is also proving a prop to the rupee. Provisional data available with the BSE showed foreign portfolio investors (FPI) were net buyers of equities to the tune of Rs 480 crore on Tuesday.
Meanwhile, the dollar index, which tracks dollar movement against a basket of six major world currencies, stood at 96.10.
For more information ✆ – 0731-6642300 or Visit - http://www.epicresearch.co
No comments:
Post a Comment