Forex

Rupee opens 9 paise higher at 71.15 against USD

PTI Mumbai | Updated on January 17, 2019 Published on January 17, 2019

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Forex dealers said, easing crude oil prices and selling of the UD dollar by exporters supported the Rupee

The Rupee appreciated by 9 paise to 71.15 against the United States (US) dollar in opening trade on Thursday, driven by positive opening in domestic equities and weakening green-back in overseas markets.

The Rupee gained further ground and touched a high of 71.13 amid easing crude prices, displaying gains of 11 paise over its previous close against the green-back.

The Rupee on Wednesday plunged by 19 paise to close at 71.24 against the US dollar.

Forex dealers said, easing crude oil prices and selling of the American currency by exporters supported the Rupee.

Sustained foreign fund outflows, however, restricted the Rupee ‘up-move’, they added.

Foreign funds pulled out ₹90.10 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth ₹304.27 crore on Wednesday, provisional data showed.

The Sensex was trading with gains of 79.29 points, or 0.22 per cent at 36,400.58 while the Nifty was trading at 10,913.95, up 23.65 points, or 0.22 per cent.

Meanwhile, brent crude, the global benchmark, was trading lower at 61.04 per barrel lower by 0.46 per cent.

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Published on January 17, 2019
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