Rupee rises 10 paise to 70.94 against US dollar in early trade

December 10, 2019 09:55

The rupee appreciated by 10 paise to 70.94 against the US dollar in early trade on Tuesday as easing crude prices and sustained foreign fund inflows strengthened investor sentiments.

At the interbank foreign exchange the rupee opened at 70.98, then gathered momentum and touched 70.94 against the US dollar, registering a rise of 10 paise over its previous close.

On Monday, the rupee had settled for the day at 71.04 against the US dollar. Forex traders said investors were optimistic about the US-China trade talks. Domestic bourses opened on a cautious note on Tuesday with benchmark indices Sensex trading 60.61 points lower at 40,426.82 and Nifty down 15.45 points at 11,922.05.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.02 per cent to 97.62. Market participants, said foreign fund inflows supported the local currency and took it past 71-level. -- PTI

« Back to LIVE

TOP STORIES

'Everybody would say I should act like my sister'

'Padmini and I are very different people.' 'Our acting styles are very different. She's from a different era.'

Inconsistent Gujarat Titans, Delhi Capitals seek second win on the trot

Gujrat Titans will be striving for much needed consistency when they meet Delhi Capitals in an Indian Premier League match in Ahmedabad on Wednesday.

Want To Study at IISER-Bhopal?

The Indian Institutes of Science Education and Research, Bhopal (IISER) is inviting applications from science students for its 5-year BS-MS programme and 4-year BS in Engineering Sciences and Economic Sciences.

'Not letting you off the hook': SC asks Ramdev to issue public apology

The Supreme Court Tuesday granted one-week time to yoga guru Ramdev, his aide Balkrishna and Patanjali Ayurved to issue a public apology in the misleading advertisements case, but said it was not letting them 'off the hook' now.

Consumption story gets a facelift as rural demand shows promise

Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India's (RBI's)...