Follow Us:
Thursday, July 19, 2018

Indian rupee gains 142 paise to 61.96 against dollar on Fed’s surprise decision

The Indian rupee had settled just a paise lower at 63.38 against the dollar in Wednesday's trade.

Written by PTI | Published: September 19, 2013 9:39:53 am

The Indian rupee rose by 142 paise to 61.96 in late morning trade today on fresh selling of the US currency by banks and exporters triggered by sharp fall in dollar in overseas amid smart rise in the equity market.

Rupee Dollar today Sept 18

In New York market,the US dollar fell sharply against major rivals yesterday,especially against emerging-market currencies,after the Federal Reserve made no change to its monthly asset-purchase programme.

The rupee resumed higher at 61.70 per dollar as against the last closing level of 63.38 at the Interbank Foreign Exchange (Forex) Market and firmed up further to 61.64 before quoting at 61.96 per dollar (1050 hours).

It showed a sharp gain of 142 paise or 2.24 per cent from its last close.

It moved in a range of 61.64 and 62.08 per dollar during the morning deals.

Meanwhile,the benchmark BSE-30 share Sensex rose by 489 points or 2.45 per cent to 20,451.56 at 1050 hours.

For all the latest Business News, download Indian Express App