Rupee ends a tad strong at 64.14 on dollar selling

Rajalakshmi S Updated - January 09, 2018 at 07:07 PM.

rupee

The rupee ended a tad strong at 64.14 on sustained bouts of dollar selling by banks and exporters. However, the rupee's gains were restricted as the domestic equities remained weak.

The rupee opened flat at 64.15 at the Interbank Foreign Exchange market today. It hovered in a range of 64.17 and 64.08, before ending the session at 64.14, up by 1 paise.

The Sensex plunged over 270 points led by Infosys as

the company Chief Executive Vishal Sikka's resignation heightened uncertainty about the IT services provider's future.

The 30-share BSE index Sensex closed the session down by 270.78 points or 0.85 per cent at 31,524.68 and the 50-share NSE index Nifty ended lower by 66.75 points or 0.67 per cent at 9,837.40.

Overseas, the yen was the major mover among the G10 group of developed world currencies on Friday, gaining another half per cent against the dollar as nerves over stock market valuations and the future of an 8-year global rally seeped into other assets.

The euro had recovered all of the ground it lost after European Central Bank policymakers warned of an overshoot in the currency in the minutes on Thursday from last month's policy meeting, trading 0.2 percent higher at $1.1748.

Published on August 18, 2017 11:34