Live
- India Faces Blow as Pacer Mohammed Shami Ruled Out for Remainder of Australia Series
- Farmer’s Day Celebrations Held at Palem Agricultural Research Center, Nagarkurnool
- Biden Pardon: Joe Biden Commutes Death Sentences of 37 Inmates, Including Child Killers and Mass Murderers
- South Korea: Yoon believes impeachment trial takes priority over martial law probe
- Strict Action for Non-Adherence to Time Management - DMHO Dr. Swarajya Lakshmi
- Joyful Semi-Christmas Celebrations at Sri Saraswathi International School
- Over 13.29 lakh houses approved for rural poor in Maharashtra: Shivraj Chouhan
- District Collector Urges Timely Completion of Indiramma Housing Scheme Survey
- Digital Arrest Scam: Hyderabad Man Duped of ₹7 Lakhs by Fake Crime Branch Police Callers
- Sukhbir Badal seeks President's Police medal for officer who saved his life
Rupee rises 79 paise against dollar as market cheers exit poll results
Rupee is trading at 69.44 against dollar after exit poll results suggested another term for the ruling NDA government.
Mumbai: The rupee appreciated 79 paise to 69.44 against the US dollar in opening trade on Monday after exit poll results suggested another term for the ruling NDA government, even as crude oil prices firmed up.
Forex traders said investors welcomed the exit poll results that predict a thumping majority for the current BJP-led government. Sentiments were also buoyed by positive opening in domestic equities.
The rupee opened at 70.36 the interbank forex market, then gained further ground to touch 69.44 per dollar, displaying gains of 79 paise against the greenback.
On Friday, the rupee had settled at 70.23 against the US dollar. Foreign funds pulled out Rs 1,057.82 crore in the capital markets on a net basis on Thursday, provisional data showed.
The benchmark BSE Sensex was trading with gains of 718.11 points, or 1.89 per cent, to quote at 38,657.65, while the NSE Nifty was trading at 11,615, up 207.85 points, or 1.82 per cent.
Meanwhile, brent crude, the global benchmark, was trading at 73.28 per barrel higher by 1.48 per cent.
