IndiaCatalog.com
India News
Search Web Directory
News Home
Rupee closes stronger against US dollar
Posted on 4th January 2016
Mumbai: The Indian rupee on Wednesday gained 0.42%, most in one month, against the US dollar tracking gains in the Asian currencies markets.

The rupee closed at 68.05 per dollar—up 0.42%, its maximum gains since 6 December, from its previous close of 68.33. The home currency opened at 68.28 against the dollar. Since 1 April 2016 till date, rupee has fallen 2.5%.

Traders are cautious as it will look to US Federal Reserve meeting minutes on Wednesday and US employment figures on Friday to gauge whether the rally can gain momentum. The minutes will be closely watched for signs of any potential change in fiscal policy and any impact on the monetary policy.

India’s benchmark Sensex index closed at 26,633.13 points—down 0.04% or 10.11 points from its previous close. Since 1 April till date, Sensex has gained 4.9%.

The 10-year bond yield closed at 6.382%—a level last seen on 6 December, compared to Tuesday’s close of 6.445%. Bond yields and prices move in opposite directions.

So far this fiscal year, foreign institutional investors bought $1.69 billion in equity, while they sold $5.72 billion in debt.

Most of the currencies were trading higher. China Offshore spot was up 0.89%, Singapore dollar 0.53%, China renminbi 0.38%, Thai Baht 0.34%, Japanese yen 0.28%, Indonesian rupiah 0.27%, Philippines peso 0.11%. However, South Korean won was down 0.24%, Malaysian ringgit 0.08%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.89, down 0.31% from its previous close of 103.21.


Other Latest News
Paytm sees 3-fold jump in gold sales on Akshaya Tritiya
Posted on 20th April 2018
Mobile wallet firm Paytm today said its gold sales rose three-fold to 20 kg in a single day on the occasion of Akshaya Tritiya on April 18. Maximum sales were reported in Bengaluru, Delhi NCR, Hyderabad, Mumbai and Kolkata. Over 1.5 million customers transacted 20 kg of gold items, mainly 24 carat gold coins, on its platform on the Akshaya Tritiya day this year, compared with 6.5 kg gold items on the same day last year, Paytm said in a statement.

Coal India likely to get its third chairman in eight months in Suresh Kumar
Posted on 20th April 2018
Senior bureaucrat Suresh Kumar is likely to be the new acting chairman and managing director of the world's largest coal miner CIL.

He will replace Gopal Singh who was given the additional charge as CMD of the maharatna firm in September last year.


NTPC to float tenders to meet FY19 capacity addition target
Posted on 20th April 2018
To meet its FY19 capacity addition target of 5,000 MW, state-owned power producer NTPC is coming up with tenders to build for more than 2,900 MW of generation units in this quarter. A top NTPC official said while tenders for two 660 MW units at its Talcher super-critical power plant are almost ready, the company is also planning to begin the tendering process for two 660 MW units at its Singrauli station and two 800 MW units at the Lara power plant.

TCS posts 1st ever full-year profit drop in 14 years since IPO, but shares jump 6% on robust Q4 results
Posted on 20th April 2018
India’s largest IT services company Tata Consultancy Services (TCS) posted its first-ever drop in the full year net profit on Thursday in a span of last 14 years since the firm got listed on Indian exchanges in 2004. But the shares of the market capitalisation leader TCS went on a joy ride on Friday to hit a record high level.

Diesel price highest ever in India’s history; petrol hits near 5-year high
Posted on 20th April 2018
As international crude oil price touches a four year high of $74 a barrel, diesel price hits the highest level ever witnessed in India’s history, while petrol price has touched a near five-year high. Petrol and diesel prices on April 20 were hiked by 1 paisa and 4 paise respectively, according to Indian Oil’s website.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Rupee closes stronger against US dollar
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Rupee closes stronger against US dollar

Most Read News

Infosys: Execution rigour is the mantra for the company going forward

Kotak Mahindra Bank topples SBI to become India’s 2nd largest bank by market cap

Microsoft unveils new security tools for Internet of Things, edge devices

Ashok Leyland plans to redesign LCVs to target e-commerce sector

Ashok Leyland up 3% on order win of Rs 1,000 million for 10x10 vehicles

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement