For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee Opens Lower At 67.45

|

The domestic unit opened lower at 67.45 a dollar, down by 4 paisa against yesterday's close of 67.41 as the rupee got a boost from positive trading sentiment plus likelihood of good GDP Q4 numbers.

 
Rupee Opens Lower At 67.45

Also, the dollar selling by exporters and banks gave a push to the home currency against the greenback.

 

Ahead of the GDP data, there was seen a range-bound trade in the domestic currency in Thursday's trade as the dealers were largely cautious.

GDP data released after market hours showed remarkable growth momentum at 7.7% for the last quarter ended March and 6.7 per cent for the entire fiscal year 2017-18. The growth in the infrastructure sector came in at 4.7% for the month of April in contrast to the 2.6% growth rate witnessed during the same period a year ago.

Globally, the crude oil moderated in price due to expectations of output easing by the OPEC and all-time high production in the US.

The fiscal deficit of the country for the year ended March 2018 was reported in line with estimates at 3.53% of GDP.

For the day, the rupee is expected to quote in the range of 67.50-67.90.

Goodreturns.in

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X