The rupee hit a fresh six-month high on sustained selling in the dollar as exporters preferred to cover their positions. The rupee was trading at 51.59 to the dollar at 10.40 am IST, jumping 15 paise over Wednesday's close.
The recent reforms announced by the government has sparked a sharp rally in the rupee, which has been the best performing Asian currency in the last few weeks.
The government on Thursday cleared foreign direct investment in the pension sector, while increasing the cap of FDI in the insurance sector.
Analysts believe that this would be a good for the Indian rupee, as it would lead to lead to fresh dollar inflows into the economy. However, the FDI move is likely to need clearance from parliament and the UPS lacks a majority in the Lok Sabha and the Rajya Sabha.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google