The rupee appreciated 35 paise to 72.65 against the dollar in early trade Friday, following US mid-tem election results and easing crude oil prices.<\/p>\n
Forex traders said the rise was also supported by dollar-selling by exporters and banks and the US unit\u2019s weakness against some currencies overseas.<\/p>\n
They said the US mid-tem election results which showed Democrats wresting the House of Representatives from the ruling Republican party, also supported the rupee.<\/p>\n
The Democrats now have majority in the 435-member House, while Trump\u2019s party has retained majority in the 100-member Senate.<\/p>\n
At the interbank forex market, the rupee opened strong at 72.68 and advanced further to trade at 72.65, reflecting a rise of 35 paise over its previous close of 73 against the dollar.<\/p>\n
Moreover easing crude prices also helped the local unit. Brent crude, the international benchmark was trading at USD 70.70 per barrel.<\/p>\n
The rupee had rebounded by 12 paise to end at 73 per US dollar Tuesday on increased selling of the greenback by exporters and softening crude oil prices.<\/p>\n
The forex market was closed on Wednesday and Thursday on account of \u2018Diwali\u2019 and \u2018Diwali Balipratipada\u2019 respectively.<\/p>\n
Foreign institutional investors , which had been selling on Indian bourses, made fresh purchases worth Rs 31.02 crore Wednesday, as per provisional data.<\/p>\n","protected":false},"excerpt":{"rendered":"
The rupee appreciated 35 paise to 72.65 against the dollar in early trade Friday, following US mid-tem election results and easing crude oil prices. Forex traders said the rise was also supported by dollar-selling by exporters and banks and the US unit\u2019s weakness against some currencies overseas. They said the US mid-tem election results which […]<\/p>\n","protected":false},"author":1,"featured_media":46713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-46712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/46712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=46712"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/46712\/revisions"}],"predecessor-version":[{"id":46714,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/46712\/revisions\/46714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/46713"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=46712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=46712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=46712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}