Advertisement

HindustanTimes Sat,19 Apr 2014

Rupee up 94 paise vs dollar, Sensex gains 400 points

PTI  Mumbai, September 10, 2013
First Published: 09:20 IST(10/9/2013) | Last Updated: 09:51 IST(10/9/2013)

The BSE Sensex gained 400 points while the rupee rose to a two-week high on Tuesday as receding geopolitical risks from Syria and strong exports in August helped lift the currency.

Advertisement

The rupee was at 64.34/35 to the dollar versus its Friday close of 65.24/25. It rose to 64.30 in session, its highest since Aug. 28.

India's merchandise exports posted double-digit growth in the month of August, while imports were "contained", Trade Secretary S. R. Rao said on Monday, offering some respite for the troubled rupee.

Official data is due later this week.

Bond yields also fell sharply, tracking a drop in crude oil prices.

The 10-year bond yield was down 23 bps at 8.40 %.

Advertisement
more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant; union protests

The employees plan to go in for a Japanese-style strike on Monday. Some 5,200 employees will forego their free lunch and snacks given by the company, and also work during the break to register their protest against VRS scheme.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved