Re strengthens to below 60 level against dollar, up 41 paise

Re strengthens to below 60 level against dollar, up 41 paise
Mumbai, Mar 28 (PTI) Continuing its rising streak, the rupee today strengthened to below 60 level at 59.90 for the first time since July 2013 against the US dollar in late afternoon trade on sustained foreign fund flows. Dealers said sustained selling of the American currency by banks and exporters and ongoing bull-run on the domestic equity markets also buoyed the rupee sentiments.

The Indian currency resumed higher at 60.18 per dollar as against the last closing level of 60.31 at the Interbank Foreign Exchange (Forex) Market and firmed up further to break the crucial 60 level to trade at 59.90 in late afternoon trade, a level last seen in July 2013. Meanwhile, the benchmark BSE Sensex gathered 125.60 points, or 0.57 per cent to close at a new lifetime high of 22,339.97 after climbing to an all-time intra-day high of 22,363.97. PTI SUN RS KPS DP TVS

Read more about: dollar, fii, bank, exporters, equity markets
Story first published: Friday, March 28, 2014, 16:20 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?