Rupee Gains 85 paise per US Dollar Friday Aug 30,2013
The rupee regained some of its lost value against the dollar on Friday
to close at 65.70/71 per dollar compared to its previous close of
66.55/56 on Thursday
The Reserve Bank of India (RBI) decision to allow the public sector oil
marketing companies to approach a mandated bank for their foreign
currency requirements on a currency swap basis helped the demand move
away from the spot market
Tracking a rebound in the rupee’s value against the dollar, stock
indices surged on Friday with the Bombay Stock Exchange (BSE) 30-share
sensitive index (Sensex) gaining 218.68 points to close at 18619.72.
On National Stock Exchange (NSE), the 50-share Nifty closed at 5471.80, with a gain of 62.75 points
No comments:
Post a Comment