Business Market 13 Oct 2017 Rupee shines on macr ...

Rupee shines on macro data lift, climbs 19 paise to 64.89

PTI
Published Oct 13, 2017, 4:13 pm IST
Updated Oct 13, 2017, 4:13 pm IST
Dollar's reduced strength against some currencies overseas kept rupee on a firm ground.
Strong IIP, inflation numbers boosted rupee's trade.
 Strong IIP, inflation numbers boosted rupee's trade.

Mumbai: The rupee strengthened 19 paise to 64.89 against the US dollar on Friday, buoyed by a set of positive economic data.

Industrial production expanded to a 9-month high of 4.3 per cent in August while retail inflation was stagnant at 3.28 per cent in September compared to the previous month.

 

A stronger opening in domestic stocks and the dollar's reduced strength against some currencies overseas kept the rupee on a firm ground, traders said. But continuous outflow of foreign money kept the upmove in check.

Yesterday, the rupee had appreciated by another 6 paise to end at a fresh one-week high of 65.08 on continued selling of the greenback.

The benchmark Sensex was trading higher by 211.04 points, or 0.66 per cent, at 32,393.26 in early session today.

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