Thursday, 15 October 2015

MarketMagnify Updates: Rupee gains 29 paise, opens at 64.75 per dollar

The Indian rupee gained in the early trade on Thursday. It has opened higher by 29 paise at 64.75 per dollar versus 65.04 Wednesday. Global equity markets have shown weakness due to renewed growth concerns in China. Soft US data has dramatically reduced odds for Fed rate hike in 2015. Consequently, dollar has lost ground against most currencies." "Rupee has also shown appreciating trend against dollar which is expected to be tempered by RBI actions.

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1 comment:

  1. Sensex: 26994.31, up 215 points; Nifty: 8174.35, up 66 points

    ITC, Tata Motors contribute most to the gains on BSE benchmark. Auto stocks lead the rally with Tata Motors, Maruti Suzuki gaining about 4 per cent followed by Oil & Gas stocks which rallied up tp 3 per cent.

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