Comments
The rupee was trading strong t 64.53 against the dollar on fresh selling of the US currency by banks and exporters.
According to traders, the rupee sentiment was also buoyed as the Sensex zoomed to a record high of 317.68.39. But the dollar's strength against other currencies overseas on US jobs data limited the rupee's gains.
The domestic unit opened strong by 5 paise at 64.55 at the Interbank Foreign Exchange market today. It hovered in a range of 64.57 and 64.48 before quoting at 64.53, up 7 paise at 3.35 pm local time.
On Friday, the domestic unit had rebounded 18 paise to end at a fresh one-week high of 64.60 per dollar.
Meanwhile, the benchmark Sensex ended higher by 355.01 points or 1.13 per cent at 31,715.64.
The dollar rose to a two-month high against the yen on Monday, after a bigger-than-expected increase in US jobs suggested the Federal Reserve would stick with its tightening plans for the rest of this year.
The dollar was 0.2 per cent higher at 114.17 after rising as high as 114.20, a top not seen since May 11.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.