Advertisement

HindustanTimes Mon,29 Dec 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

No violation of safety norm or unfair seat allotment: Air India

Air India on Saturday said its fight safety wing is looking into the issue of a daughter of a senior pilot resting in a bunk, meant only for use of flight crew members, during one of its flights to Newark from Mumbai recently.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved