The Indian currency gained 17 paise against the US dollar on increased selling of the American currency by exporters. The local currency rebounded on the back of weakness in the greenback and fall in crude oil prices.
Currently, the rupee is at 73.83/$.
Besides, the dollar’s weakness against other overseas currencies and a firm domestic equity market supported the rupee.
On the economy front, the Nikkei India Manufacturing Purchasing Managers' Index rose from 52.2 in September to 53.1 in October as new orders and production increased at the quickest rate in four months.
The Indian rupee ended lower by 27 paise against the US dollar in yesterday's session.
RBI's reference rate for the dollar stood at Rs73.99, while for the euro, it was at Rs83.92. Further, its reference rate for the yen stood at Rs65.36, while that for the British pound sterling was at Rs94.10.
No comments:
Post a Comment