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Rupee rises 16 paise to close at 88.57 against US dollar

Rupee rises 16 paise to close at 88.57 against US dollar

Mumbai, Nov 11 (PTI) The rupee appreciated 16 paise to settle at 88.57 (provisional) against the US dollar on Tuesday, amid progress on the US shutdown bill and optimism over the US-India trade deal. Forex traders said a rebound in domestic equities and optimism over a nearing US trade deal supported the local unit. However, elevated crude oil prices and foreign fund outflows weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 88.69 against the American currency, touched an intraday high of 88.52 and a low of 88.72 during the day. The domestic unit finally

Sensex, Nifty extend gains riding on IT, services, telecom stocks

Sensex, Nifty extend gains riding on IT, services, telecom stocks

Mumbai, Nov 11 (PTI) Equity benchmark indices Sensex and Nifty ended on firm footings despite starting on a weak note on Tuesday as investors rushed to grab low-priced bellwether stocks of IT, services and telecom players amid optimism on a US-India trade deal. The 30-share BSE Sensex began the trade on a negative note by declining 411.32 points or 0.49 per cent to 83,124.03. The 50-share NSE Nifty dropped 125.1 points, or 0.48 per cent to 25,449.25 in the early trade. However, both the indices made a strong comeback and closed the session with significant gains. The Sensex jumped 335.97

Stock markets decline in early trade dragged down by Bajaj Finance, foreign fund outflows

Stock markets decline in early trade dragged down by Bajaj Finance, foreign fund outflows

Mumbai, Jul 25 (PTI) Equity benchmark indices Sensex and Nifty tumbled in early trade on Friday dragged down by Bajaj Finance and persistent foreign fund outflows. A weak trend in Asian markets also dented investors’ sentiment. The 30-share BSE Sensex dropped 407.45 points to 81,776.72 in early trade. The 50-share NSE Nifty declined 144.3 points to 24,917.80. From the Sensex firms, Bajaj Finance tanked nearly 6 per cent post its June quarter earnings announcement. Bajaj Finserv fell by over 4 per cent. Tata Steel, Hindustan Unilever, Mahindra & Mahindra, UltraTech Cement, Power Grid and Maruti were also among the laggards.

Rupee sees range-bound trade, rises 6 paise to 88.67 against US dollar

Rupee sees range-bound trade, rises 6 paise to 88.67 against US dollar

Mumbai, Nov 11 (PTI) The rupee traded in a tight range and appreciated by 6 paise to 88.67 against the US dollar in early trade on Tuesday, as weakness of the US dollar amid concerns over the long-term health of the US economy supported the domestic unit at lower levels. Forex traders said a muted trend in domestic equities and foreign fund outflows weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 88.79 against the US dollar, then touched 88.67, registering a gain of 6 paise from its previous close. The rupee was later trading

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