Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Thu, Feb 21, 2019 | Last Updated 8:12 pm IST

Menu &Sections

Search

Rupee gained to height of 71.09 in Interbank Foreign Exchange (Forex)

Rupee gained to height of 71.09 in Interbank Foreign Exchange (Forex)
Rupee gained to height of 71.09 in Interbank Foreign Exchange (Forex)
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Mumbai sources added the rupee strengthened by 13 paise to close at 71.18 against the US dollar Monday on easing crude oil prices, even as the greenback strengthened vis-a-vis other major currencies. Furthermore this is the fifth successive session of gain for the domestic currency, during which it has climbed 62 paise.



Accordingly at the Interbank Foreign Exchange (forex) Monday, the rupee opened on a firm note at 71.24. It gained further to hit a high of 71.09 and finally settled for the day at 71.18, up 13 paise over its last close. Earlier on Friday, the rupee had ended 14 paise higher at 71.31 against the US dollar. Meanwhile easing crude price was a major factor that boosted the rupee sentiments. Brent crude, the global oil benchmark, was trading at USD 61.94 per barrel, down by 0.26%.

Rupee gained to height of 71.09 in Interbank Foreign Exchange (Forex)

Sunil Sharma, Chief Investment Officer, and Sanctum Wealth Management "The Indian rupee appreciated for fifth straight day. INR is the best performing emerging market currency over last one week”. Moreover the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1621 and for rupee/euro at 80.5882 and the reference rate for rupee/British pound was fixed at 92.0216 and for rupee/100 Japanese yen at 64.71.


Rupee gained to height of 71.09 in Interbank Foreign Exchange (Forex)
5/ 5 - (1 votes)
Add To Favourite
More from author
TN Govt plans to introduce Board Exams for Class 5 & 8
Guntur District farmer committed suicide, doubts raised
UK no longer preferred market for Indian investment due to Brexit factor
Pakistan Cricketers portrait removed from HPCA
DMK Congress deal soon!
What's the problem for DMDK?
India receives support from Israel!
Public shocked after tremors in Delhi!
APTA achieved India Book of record by making longest bamboo chicken in India
Budget of Rs 3,116 crore for 2019-20 unveiled by TTD
Chennai Metro Rail to install WiFi facilities at all stations
Saudi Arabia-India plans to set up a ''Strategic Partnership Council'
Donald Trump planning to meet North Korean Leader Kim Jong-Un again
Is Nagarjuna making his Political entry?
Why Rahul Gandhi made a surprise visit to AP Bhawan?
Panther seen in parking area of Korum Mall in Thane
Why KCRs Cabinet has no Women in his Party?
25 lakhs be given to family of CRPF Jawan by Kerala Govt
Surya Kiran Aircraft crashed in Bengaluru during rehearsal
BJP making desperate attempts to woo its allies
Gold prices skyrocket!
Saudi comes to Pak support!
Mastermind of Pulwama attack dead!
Kamal's takes a dig at Stalin!
YS Jagan needs to be reminded charity begins at home
Ex-PM highlights rural indebtedness, urban chaos
PMK will support AIADMK- BJP front in Tamilnadu in general elections
French researchers found 5.8 million Indane customer records
Will Sania Mirza be removed as brand ambassador of Telangana ?
Freedom we have is very expensive due to CRPF Employees
Why India raised Pulwama attack issue at Munich Conference?
RBI found large divergence in the books of Yes Bank
Tamilisai welcomes Kamal speech!
Kiran Bedi Vs Narayanasamy intensifies!
Kaduvetti Guru's mother against Anbumani!
4 soldiers die in a fight!
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.