MUMBAI: The rupee jumped 74 paise to breach the 70 in line with greenback mark and touched 69.88, a three-month high level, in intra-day industry on Thursday amid sustained promoting of the dollar through exporters and easing crude oil prices.
At the Interbank Foreign Exchange, the rupee opened on a better observe at 70.15 after which gathered additional momentum and touched an intra-day high of 69.88, a level last seen on August 27.
Forex dealers stated, the US greenback weakened towards other currencies overseas, after US Federal Reserve chairman Jerome Powell comments that the central financial institution's benchmark rate of interest may be close to a neutral level.
Traders stated tough international fund inflows and easing crude prices also supported the rupee.
Foreign portfolio investors (FPIs) bought stocks price a web of Rs 961.26 crore on Wednesday.
Globally, Brent crude, the international benchmark, was once trading zero.14 in line with cent down at $58.68 in line with barrel.
Meanwhile, the benchmark BSE Sensex was once trading with beneficial properties of 369.09 points, or 1.03 in line with cent, at 36,086.04.
At the Interbank Foreign Exchange, the rupee opened on a better observe at 70.15 after which gathered additional momentum and touched an intra-day high of 69.88, a level last seen on August 27.
Forex dealers stated, the US greenback weakened towards other currencies overseas, after US Federal Reserve chairman Jerome Powell comments that the central financial institution's benchmark rate of interest may be close to a neutral level.
Traders stated tough international fund inflows and easing crude prices also supported the rupee.
Foreign portfolio investors (FPIs) bought stocks price a web of Rs 961.26 crore on Wednesday.
Globally, Brent crude, the international benchmark, was once trading zero.14 in line with cent down at $58.68 in line with barrel.
Meanwhile, the benchmark BSE Sensex was once trading with beneficial properties of 369.09 points, or 1.03 in line with cent, at 36,086.04.
Rupee extends gains, below 70 per dollar mark
![Rupee extends gains, below 70 per dollar mark]()
Reviewed by Kailash
on
November 30, 2018
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