At 9:35AM, IST the domestic unit was trading at 69.65/$. On Monday, the unit appreciated 26 paise to close at 69.89/$.
The Indian rupee gained 29 paise on Tuesday to trade at day’s high level of 69.60 against the dollar. The currency has appreciated 12 paise to open at 69.73/$.
At 9:35AM, IST the domestic unit was trading at 69.65/$. On Monday, the unit appreciated 26 paise to close at 69.89/$.
The appreciation could be attributed to the sharp rally in the global equity markets. Asian peers traded on a positive note following the sharp rally in the US stocks as upbeat retail-sales data boosted investors' confidence regarding economic growth.
The rally in domestic equity market led to growth in number of Foreign Institutional Investors (FIIs), which also kept Indian rupee up.
In Monday’s trading session, FIIs bought 3,811cr worth of stock in cash, while in the derivative market FIIs sold 13cr of Index futures and bought 480cr worth of Index options. In the Stock futures segment, FIIs bought 751cr worth of stock futures simultaneously bought 11cr stock options.
Further, equity benchmark indices extended its gain on Tuesday with the Sensex gaining 287 levels at 37,342 levels. The Nifty also climbed 86 points to trade at 11,254 levels.
Get more details here:
Intraday stock tips, Financial Advisory Company ,Derivative Free Trial,Stock tips
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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
At 9:35AM, IST the domestic unit was trading at 69.65/$. On Monday, the unit appreciated 26 paise to close at 69.89/$.
The appreciation could be attributed to the sharp rally in the global equity markets. Asian peers traded on a positive note following the sharp rally in the US stocks as upbeat retail-sales data boosted investors' confidence regarding economic growth.
The rally in domestic equity market led to growth in number of Foreign Institutional Investors (FIIs), which also kept Indian rupee up.
In Monday’s trading session, FIIs bought 3,811cr worth of stock in cash, while in the derivative market FIIs sold 13cr of Index futures and bought 480cr worth of Index options. In the Stock futures segment, FIIs bought 751cr worth of stock futures simultaneously bought 11cr stock options.
Further, equity benchmark indices extended its gain on Tuesday with the Sensex gaining 287 levels at 37,342 levels. The Nifty also climbed 86 points to trade at 11,254 levels.
Get more details here:
Intraday stock tips, Financial Advisory Company ,Derivative Free Trial,Stock tips
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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