140th Day Of Lockdown

Maharashtra52451335842118050 Tamil Nadu3028752446755041 Andhra Pradesh2355251456362116 Karnataka182354991263312 Delhi1461341316574131 Uttar Pradesh126722767212120 West Bengal98459671202059 Bihar8274154139450 Telangana8075157586637 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland30119738 Arunachal Pradesh223115923 Chandigarh1595100425 Meghalaya11154986 Sikkim9105101 Mizoram6203230
Business Market 05 Jul 2019 Budget 2019: Rupee d ...

Budget 2019: Rupee does U-turn, up 10 paise at 68.40 a US dollar

PTI
Published Jul 5, 2019, 2:27 pm IST
Updated Jul 5, 2019, 2:29 pm IST
Domestic bourses was trading in the negative territory on Friday with benchmark indices Sensex trading 362.28 points lower.
At the interbank foreign exchange, the local unit opened at 68.55 a dollar but as Finance Minster Nirmala Sitharaman presented her maiden budget, the local unit gained strength and touched a high of 68.40 against the US dollar, up 10 paise over its previous close.
 At the interbank foreign exchange, the local unit opened at 68.55 a dollar but as Finance Minster Nirmala Sitharaman presented her maiden budget, the local unit gained strength and touched a high of 68.40 against the US dollar, up 10 paise over its previous close.

New Delhi: After opening on a weak note, the rupee recovered by 10 paise to trade at 68.40 against the US dollar as forex market weighed measures announced in the Union Budget to achieve the USD 5-trillion economy target.

At the interbank foreign exchange, the local unit opened at 68.55 a dollar but as Finance Minster Nirmala Sitharaman presented her maiden budget, the local unit gained strength and touched a high of 68.40 against the US dollar, up 10 paise over its previous close. The rupee had settled at 68.50 against the US dollar on Thursday.

 

Presenting the first Budget of the Modi government in its second term, she said the Indian economy, which stood at USD 1.85 trillion five years back, has reached USD 2.7 trillion now, and is within capacity to reach USD 5 trillion in the next few years. She said the interim budget focused on 10-point vision to boost economy. In the current year, India's economy will grow to become USD 3 trillion economy, sixth largest in world.

"We need to invest in infrastructure, digital economy and job creation in small and medium enterprises," Sitharaman said. Meanwhile, easing crude oil prices also supported the local unit. Brent crude futures, the global oil benchmark, fell 0.24 per cent to USD 63.15 per barrel. Foreign institutional investors (FIIs) were net sellers in the capital markets, pulling out Rs 28.95 crore Thursday, as per provisional data.

 

Domestic bourses was trading in the negative territory on Friday with benchmark indices Sensex trading 362.28 points lower at 39,545.78 and Nifty down 113.50 points at 11,833.25.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT