Rupee rises on strong equities, weak dollar 

#GS3 #Economy  

Sees third straight session of gain 

  • The rupee gained 52 paise against the dollar at a four-week high level of 75.66 on the back of strong domestic equities and weakening dollar.  
  • The rupee opened strong at 75.94 compared with the previous close of 76.18. It touched the day’s high of 75.60, before closing at 75.66, up 52 paise.  
  • This is the third straight session of gain for the domestic currency, which has appreciated around 1% against the dollar.  
  • Rupee extended gains during late Asian trades beyond 76 on likely overseas inflows into local stocks amid Facebook-Jio deal related flows, Fed policy due tonight and ECB.  
  • The dollar fell ahead of the Federal Reserve’s policy, the dollar index was trading 0.28% down at 99.58.  
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