Most Popular
This Week
Delhi People Gave Voted and Make a Record of Over 65% Vote Registered
A record 62 per cent of around 1.2 crore voters exercised their franchise on Wednesday in the Delhi assembly election, which is witne...
Popular Posts
Latest Stories
What is new?
Comments
What They says?
Rupee gains 29 piase to hit 5-week high of 61.75
The rupee rose to a five-week high against the dollar as the foreign exchange markets moved in line with sentiment in the equity markets after exit polls forecast a strong performance by the BJP.
The domestic currency touched a high of 61.52 against the dollar before closing at 61.75, up 29 paise from its previous close of 62.06 against the dollar.
What is also boosting the rupee is the $34 billion mobilized by RBI by swapping dollars raised by banks through non-resident deposits and ECBs. The dollar mop-up by RBI is expected to increase the foreign exchange reserves by $18-19 billion, according to Yes Bank.
No comments: