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Rupee rises by 23 paise at 71.48 against US dollar

New Delhi: The Congress is looking for new presidents in the election bound states like Jharkhand, Delhi and Haryana. The name of Dheeraj Sahu is doing rounds for the Jharkhand Pradesh Congress Committee (JPCC). The Congress wants to contest Assembly elections in these states under the new leadership.

The rupee rebounded from six-month low level and appreciated by 23 paise to 71.48 against the US dollar in early trade on Wednesday tracking gains in Asian currencies and fresh foreign fund inflows.
On Tuesday, the rupee had closed at a new six-month low of 71.71 against the US dollar as economic uncertainties continued to weigh.
At the interbank foreign exchange, the rupee opened at 71.48, registering a rise of 23 paise over its previous close of 71.71.
The domestic unit pared some gains and was trading at 71.57 against the dollar at 0951 hrs.
Foreign institutional investors (FIIs) remained net buyers in the capital market, putting in Rs 373.23 crore on Tuesday, according to provisional exchange data.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rise 0.03 per cent to 98.22.
Brent crude futures, the global oil benchmark, rise 0.52 per cent to trade at USD 60.34 per barrel.
Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 11.28 points lower at 37,316.73 and Nifty down 8.60 points at 11,008.40.
The 10-year government bond yield was at 6.57 per cent in morning trade.


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