Published on 4/10/2017 11:20:47 AM | Source: Dion Global Solutions Ltd

Rupee trades higher against greenback

Posted in Currency Top News | #Rupee #US dollar #Currency News


The Indian Rupee was trading higher against the US dollar on Wednesday as dollar eased in trade as the rally triggered by strong US data fizzled on speculation that US president Donald Trump's choice for the next Fed chair may be a less hawkish candidate. Investors will also be watching for a raft of economic data culminating in Friday's US employment report for September.

At the Interbank Foreign Exchange Market, the local currency was up by 14 paise at 65.36 per dollar against a previous close of 65.50 per dollar at 10:50 hours. Meanwhile, BSE SENSEX was at 31663.43 up by 166.05 points or by 0.53 per cent while NSE Nifty was at 9909.4 up by 49.9 points or by 0.51 per cent.