From The Pioneer
Center-Right Owned by The PioneerRupee gains 17 paise to settle at 94.58 against US dollar
What's behind this
The rupee fell 9 paise to 94.55 per dollar in early trade on Thursday, pressured by a broadly strong US dollar overseas. Traders noted that a positive domestic market and softer crude oil prices helped limit the fall, with gains in equities also mentioned. Brent crude was down about 1 % at $93.64 a barrel.
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The rupee stayed firm for the second straight session to settle 17 paise higher at 94.58 (provisional) against the US dollar on Wednesday, drawing support from easing crude oil prices, a weak American currency and capital inflows from overseas investors. Positive domestic equities market also…
RSS excerpt
The rupee stayed firm for the second straight session to settle 17 paise higher at 94.58 (provisional) against the US dollar on Wednesday, drawing support from easing crude oil prices, a weak American currency and capital inflows from overseas investors. Positive domestic equities market also…