Home NEWS Rupee Superior to Dollar, Rises Higher to 69.99.

Rupee Superior to Dollar, Rises Higher to 69.99.


The Indian currency, rupee appreciated 15 paise to 69.99 against the dollar on Monday on debilitating greenback, new foreign inflows and higher opening of domestic values. In its past session on Friday, the rupee edged 14 paise lower to close at 70.14. On a weekly basis, the domestic currency logged 78 paise increase.  

The dollar deteriorated against most Asian monetary standards after Federal Reserve Chairman Jerome Powell said the central bank was in no rush to change interest rates, on this the forex brokers said that new foreign fund inflows and positive supposition on Dalal Street likewise floated the neighborhood unit.

Foreign institutional investors (FIIs) stayed net purchasers in the capital markets, putting in rupees. 1,095.06 crores on Friday, according to temporary information.

Bourses opened on a positive note with Sensex 228.90 points higher at 36,900.33 and Nifty rose 75.90 point at 11,111.30.

In the interim, brent crude prospects, the worldwide oil benchmark, rose 0.44 percent to 66.03 per barrel.

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