The momentum in equities drove the rupee higher with the currency breaching the 61 mark to trade at 60.95 to the dollar. Robust fund flows from FIIs in excess of $1 billion in the past 15 days has lent support to the rupee and the equity markets. Strong showing in opinion polls by the Narendra Modi led BJP also bolstered sentiments.
Dealers say if the fund flows from FIIs continues there could be more gains in the rupee. The current account deficit which narrowed to $4.2 bn in Q3 also helped boost sentiments.
Last the year a rising current account deficit pushed the rupee to a record low of 68.81 against the dollar. Check currency rates here
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