Continuing its rise for the fifth straight day, the rupee today edged higher by 5 paise to 58.54 against the US dollar in early trade on sustained capital inflows amidst selling of the American currency by banks.
In the last four trading sessions, the Indian rupee has gained 146 paise.
Forex dealers said sustained foreign capital inflows after a clear mandate for the BJP to form a stable government at the Centre boosted the sentiment.
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
They added that a higher opening in the domestic equity market also supported the rupee but dollar’s gain against some of its rivals overseas limited the domestic currency’s gains.
The Indian rupee rose 20 paise to close at a fresh 11-month high of 58.59 against the dollar yesterday.
Meanwhile, the benchmark BSE Sensex gained 224.11 points, or 0.91 per cent, to 24,587.16 in early trade today.