Rupee hits fresh 2-yr high of 63.65 against dollar

August 03, 2017 09:46

The rupee strengthened by 5 paise to trade at a fresh two-year high of 63.65 against the dollar, buoyed by hopes of more capital inflows, coupled with more selling of the American currency by banks and exporters.

The dollar's muted show against other currencies overseas added to the rupee value, dealers said.

Yesterday, the rupee had surged 37 paise in its best single-day show this year to breach the psychological 64- level, ending at a fresh two-year high of 63.70.

This followed the Reserve Bank of India lowering the repo rate by 0.25 per cent.

Meanwhile, the benchmark BSE Sensex dropped by 78.64 points, or 0.24 per cent, to 32,398.10 in early session. -- PTI

« Back to LIVE

TOP STORIES

Meet Baldev Kumar from Punjab, first outsider to contest J-K LS polls

The abrogation of Article 370 in August 2019 paved the way for outsiders to contest polls in the Union Territory.

IPL PIX: Rahul, de Kock power LSG to easy win over CSK

Openers KL Rahul and Quinton de Kock hit fifties as LSG trounced CSK by eight wickets.

Phase 1 sees nearly 63% polling amid stray incidents of violence

"The voting percentage is likely to go upwards when reports from all polling stations are obtained as polling is scheduled till 6 pm in many constituencies. Final figures will be known on Saturday after the scrutiny of form 17A," the EC...

Manipur records 68% polling marred by violence, firing, booth capturing

At Thamnapokpi under Moirang constituency in Bishnupur district, armed men fired several rounds in the air near a polling booth prompting voters to flee, police said on Friday, adding additional security personnel were rushed to the spot...

Air India to soon have new crew management system

Air India will soon have a new crew management system that will help strengthen rostering rules and enable faster recovery from scheduled disruptions. In a message to the staff on Friday, Air India CEO and MD Campbell Wilson said that...