Home BUSINESS Funds Inflows Lift Rupee to 63.60 Against Dollar

Funds Inflows Lift Rupee to 63.60 Against Dollar

1 min read
Comments Off on Funds Inflows Lift Rupee to 63.60 Against Dollar
0
41

Mumbai: The rupee appreciated by 9 paise to 63.60 against the US dollar on Friday on continued foreign capital inflows.

It also found support from dollar’s weakness overseas and increased selling of the American currency by exporters and banks, dealers said.

Domestic equities were subdued at the start, which put a lid on the gains.

On Thursday, the rupee had ended little changed at 63.69 — its highest level in 2 years — as RBI intervention in the foreign exchange market mopped up excess dollar liquidity.

Meanwhile, the benchmark Sensex fell 76.20 points, or 0.23 per cent, at 32,161.68 in early trade on Friday.

Load More Related Articles
Load More By The Lifeline Today
Load More In BUSINESS
Comments are closed.

Check Also

Facebook To Remove Posts Spreading Misinformation That Leads To Violence

San Francisco: Accused of helping to spur violence in countries like Myanmar, Sri Lanka an…