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       BUSINESS Next Article: Parliament passes bill for quick prosecution in cheque bounce  
       Rupee rises six paise against US dollar in early trade
 
         Posted on :09:45:45 Jul 28, 2018
   
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       Last edited on:09:45:45 Jul 28, 2018
         Tags: rupee, paise, dollar
 

MUMBAI: Extending its rising streak for the third day, the rupee appreciated by 6 paise against the US dollar to 68.60 in early trade today amid weakness in the greenback against other currencies overseas and rally in domestic equities.

Selling of the American currency by exporters and banks and a higher opening in the domestic equity market boosted the rupee, forex dealers said.

The benchmark BSE Sensex rose by 288.22 points, or 0.77 per cent, to hit its all-time high of 37,272.86 and NSE Nifty too scaled a new peak of 11,237.45 in early trade today.

Yesterday, the rupee had gained 13 paise to close at a fresh one-week high of 68.66 against the US dollar as steady unwinding of the greenback by exporters and banks helped the local unit extend gains for the second day.

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       BUSINESS
Next Article: Parliament passes bill for quick prosecution in cheque bounce
 
 
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Indra Nooyi to step down as PepsiCo CEO  
Paper Industry aims to rectify misconceptions about paper usage  
Sensex hits record high, Nifty breaches 11,400 mark  
GST slabs may reduce to 3 in long-term: Sanjeev Sanyal  
Lankan govenment reworking MoU on airport deal with India  
Indian carriers need $50 bn to buy planes over 10 yrs: Report  
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Goibibo now enables users to login via WhatsApp  
Jet Airways slumps 6% in morning trade on bourses  
Indian Bank revises interest rates on FCNR(B) deposits  
 
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