Re Strengthens to Below 60 Level Against Dollar, up 41 Paise - The New Indian Express

Re Strengthens to Below 60 Level Against Dollar, up 41 Paise

Published: 28th March 2014 04:22 PM

Last Updated: 28th March 2014 04:22 PM

Continuing its rising streak, the rupee today strengthened to below 60 level at 59.90 for the first time since July 2013 against the US dollar in late afternoon trade on sustained foreign fund flows.

Dealers said sustained selling of the American currency by banks and exporters and ongoing bull-run on the domestic equity markets also buoyed the rupee sentiments.

The Indian currency resumed higher at 60.18 per dollar as against the last closing level of 60.31 at the Interbank Foreign Exchange (Forex) Market and firmed up further to break the crucial 60 level to trade at 59.90 in late afternoon trade, a level last seen in July 2013.

Meanwhile, the benchmark BSE Sensex gathered 125.60 points, or 0.57 per cent to close at a new lifetime high of 22,339.97 after climbing to an all-time intra-day high of 22,363.97.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook