The rupee strengthened on Monday on the back of sharp gains in domestic shares and gains in other Asian peers.
* At 9:58 am, the partially convertible rupee was at 45.84/85 per dollar, stronger than 46.145/155 at close on Friday.
* Domestic shares were trading up 2.4%, in line with other Asian markets after the US Federal Reserve chairman left the door open for further action to stimulate the world's biggest economy.
* The dollar came under light pressure against a basket of major currencies in Asia on Monday, with traders speculating the Federal Reserve may offer more stimulus next month in the face of an uncertain growth outlook.
* Most Asian currencies were stronger compared to the dollar.
* The index of the dollar against six major currencies was down 0.1% at 73.741 points in Asian trade, much below 74.017 points when the domestic forex market closed on Friday.
No comments:
Post a Comment