Arab Today, arab today rupee completes 3session of gains
Last Updated : GMT 20:02:16
Arab Today, arab today
Arab Today, arab today

Rupee completes 3-session of gains

Arab Today, arab today

Arab Today, arab today Rupee completes 3-session of gains

Mumbai - Arabstoday

The Indian rupee continued its north bound journey for the third session in a row and appreciated by another eight paise to end at 55.49 against the greenback on continued dollar selling by exporters amid sustained capital inflows, despite late dollar demand by importers. Some weakness in local equities amid firm dollar overseas pared rupee’s early gains, a forex dealer said. At the Interbank Foreign Exchange (Forex) market, the domestic currency resumed better at 55.45 a dollar from last close of 55.57. Later, it moved side-ways in a range of 55.36 and 55.55 before concluding at 55.49, showing a rise of eight paise. Initially, there was some dollar selling by exporters and some banks, but late dollar demand from importers, mainly oil refiners, and recovery in dollar overseas as nervousness set in ahead of Greece’s meeting with the Eurogroup, which weighed on the rupee and later gave up some its early gains. The dollar index, consisting of six major currencies, was up by 0.14 per cent while New York crude oil was trading around $96.5 a barrel in Europe today. Foreign Institutional Investors (FIIs), which are consistent buying in the current month so far, injected $38.19 million yesterday as per Sebi data. The Indian benchmark sensex today softened by 38.40 points or 0.21 pct, snapping two-day gaining string. Pramit Brahmbhatt, CEO, Alpari Financial Services (India) said,” The INR shed most of its gains towards the end on rebound in dollar index. The dollar index rebounded from its low of 81.85 levels to above 82.00 levels as expectations of stronger economic numbers in later session and the FOMC minutes shall dampen the QE hopes.” “The Finance ministry has passed the insurance and pension bills for the approval of the union cabinet signalling a firmer action from the government but the international factors has been ruling the markets,” he added. “In spite of Dollar index declining below 82 levels we saw rupee trading in a narrow range from last few days. The rupee is consolidating from a long time and we could see a break out coming soon again drifting the rupee to 56 levels.” said Abhishek Goenka, Founder & CEO, India Forex Advisers. “Continuing its gains against the US dollar for the third straight session, Indian rupee closed at 55.49 levels. Rupee extended gains on account of late recovery in dollar overseas ahead of the ECB act to bring down the borrowing costs of debt ridden European countries. The US 10 year treasury yields slipped near 1.76 per cent today indicating there is some risk aversion taking place in the market,” he commented. From gulftoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rupee completes 3session of gains Arab Today, arab today rupee completes 3session of gains

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday