The Share and Stock Market is one of the most important ways for companies to raise their money through shares, and the objective of this blog is to provide you daily intraday news regarding stock market. You have arrived at the right place and you'll find a lot of information here on intraday news updates— basic concepts, strategies for buying and selling, time of entry and exit and a lot more.
Rupee opens at over 1-year high at 65.40 per Dollar
The Indian rupee gained further in the early trade on Thursday and opened at over one year high at 65.40 per dollar, a gain of 29 paise versus previous close 65.69. Yesterday the rupee ended at a fresh 16-month high. US Fed delivered another dovish hike on Wednesday. The dollar saw a sell-off as markets reassess, the dollar beer of hikes this year.
"The state election results has led to a rally in equity markets in India on the back of FII inflows which is positive for rupee. We expect the USD-INR to trade in a range of 65.15-65.45/dollar for the day," he added.