Breaking News

You are here » Indian-Commodity  :  Economy  :  Rupee up 20 paise at 46 11

18-Nov2009

Rupee up 20 paise at 46 11

Extending gains for the second straight day on anticipations of more capital inflows and dollar selling by exporters, the Indian rupee increased by 20 paise to 46.11 against the US currency in early trade.

However, dollar's losses against other Asian currencies helped the Indian rupee while the local unit appreciated by 20 paise to 46.11 a dollar at the forex market.

Meanwhile, there are expectations of increased capital inflows into domestic equities by foreign funds opening higher in tandem with other Asian markets and dollar's weakness against other currencies, mainly supported the Indian rupee.

Related News

View all news

Monsoon uncertainty still a risk for inflation: RBI

RBI in its Annual Report for 2014-15  has said that uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for......

RBI panel recommends conversion of large UCBs into regular banks

A Reserve Bank of India (RBI) panel headed by RBI Deputy Governor R. Gandhi has recommended conversion of Urban Cooperative Banks (UCBs), which have revenue of more than Rs 20,000 crore into regular banks.......

Bimal Jalan panel bats for extending DBT in kerosene and food

A government-appointed panel headed by Bimal Jalan, to suggest ways to prune subsidies has favoured extending the cash transfer scheme to kerosene and food in three years for directly helping beneficiaries.......

Top News

View all news

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......

Monsoon uncertainty still a risk for inflation: RBI

RBI in its Annual Report for 2014-15  has said that uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for......

Bharti Airtel, Sun TV and Cairn India to see some action

Bharti Airtel, a leading global telecommunications services provider with operations, has signed a definitive agreement to acquire 100% equity stake in Augere Wireless Broadband india (Augere), which holds......