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Wednesday
July 2019
3:53 AM IST
News Headlines
Sindhu looks to complete unfinished business in Japan        Griezmann says heart with Barca after ugly Atletico exit        Kotak Mahindra Bank Q1 consolidated up 23 pc; standalone net jumps 33 pc to Rs 1,360 cr        Investor wealth plummets over Rs 4 lakh cr in 3 days of market fall        China says Hong Kong protests 'absolutely intolerable'        Britain's May chairs emergency session on seized tanker        SC to hear on Aug 6 plea by Ahmed Patel against Guj HC order on his election to RS        Nadda pulls up Pragya Singh Thakur for her toilet remarks        Chandrayaan-2 illustrates India's determination to scale new frontiers of science: PM        India's second moon mission launched successfully; ISRO takes control of spacecraft        Ramya Haridas to not accept Youth Congress' car gift        ICC ran out of patience with Zimbabwe cricket: Flower        Pragya's latest: Have not become MP to clean toilets        Want to be an Indian superhero in Avengers: Taapsee Pannu        Have been able to achieve balance between commercial and parallel cinema: Sonakshi        Mahershala Ali to star in Marvel's 'Blade' reboot        Sindhu ends runner-up at Indonesian Open        UK car sector accelerates towards electric future        China importers seek to lift tariffs on US farm goods: State media        LIC offers Rs 1.25 lakh cr line of credit by 2024 to fund highway projects: Gadkari        
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Business News
Rupee settles 21 paise higher at 69.15 to US dollar
 
Mumbai: The Indian rupee Wednesday advanced by 21 paise to close at 69.15 against the US currency in line with uptrend in domestic equities.

At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day. It finally settled at 69.15, up 21 paise against its previous close of 69.36.

Forex dealers said a positive sentiment built up ahead of a scheduled meeting at G20 between US President Donald Trump and his Chinese counterpart Xi Jinping, later this week.

Meanwhile, US Treasury Secretary Steven Mnuchin's comments eased concern over the trade impasse with China to some extent.

Besides, traders said, gains in domestic equities, foreign fund inflows and latest news on monsoon progress also helped in reviving domestic currency market sentiment.

However, rising crude oil prices and strengthening of the US dollar vis-a-vis other major currencies overseas capped the gains for the rupee.

Brent crude futures, the global oil benchmark, rose 1.38 per cent to USD 65.95 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 96.24.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.3398 and for rupee/euro at 79.0525. The reference rate for rupee/British pound was fixed at 88.4161 and for rupee/100 Japanese yen at 64.81.

V K Sharma, Head-PCG & Capital Market Strategy, HDFC securities, said, "For last two days, overseas investors have been pouring money in domestic equity and debt markets also helped rupee to remain strong during Wednesday's trade."

"Statement released by US Treasury Secretary Steven Mnuchin saying that 'US-China trade deal is 90 per cent complete', has improved the sentiment in emerging market currencies," he said.

Meanwhile, the 10-year government bond yield was at 6.93 per cent on Wednesday.



Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,157.87 crore Tuesday, provisional data showed.

On domestic bourses, the BSE benchmark Sensex settled 157.14 points, or 0.40 per cent, higher at 39,592.08. The broader NSE Nifty too rose 51.10 points, or 0.43 per cent, to finish at 11,847.55.


Kotak Mahindra Bank Q1 consolidated up 23 pc; standalone net jumps 33 pc to Rs 1,360 cr
Investor wealth plummets over Rs 4 lakh cr in 3 days of market fall
UK car sector accelerates towards electric future
China importers seek to lift tariffs on US farm goods: State media
LIC offers Rs 1.25 lakh cr line of credit by 2024 to fund highway projects: Gadkari
Air India passengers travelling to UAE can now carry 40 kgs of check-in luggage
Huawei planning major job cuts in US: WSJ
China GDP growth slows to 6.2 pc in second quarter
RBI to come out with mobile app for currency notes identification
Nine of top-10 firms lose Rs 88,609 cr in m-cap
Pak, Afghan resume transit treaty negotiations
Blunt talk needed in country today, Murthy says, cites his spat with Sikka
Gadkari appeals to MSMEs to plant trees
Infosys Q1 net grows 5.2 pc to Rs 3,802 cr; ups revenue guidance to 8.5-10%
Vistara announces international operations; to launch services to Singapore
Zomato partners with TikTok; conducts food drive in 74 cities
Sebi slaps Rs 65 lakh fine on individual for fraudulent trading
HDFC to raise up to Rs 3,000 cr via bonds to augment long-term capital
80 city-centric plans coming soon to make earth green, sky blue again: Javadekar
Parliament passes Aadhaar amendment bill
KERALA NEWS
Ramya Haridas to not accept Youth Congress' car gift
 Thiruvananthapuram: Congress MP from Alathur Ramya Haridas Sunday said she will not accept the car w  
HC pulls up Kerala govt over Munnar encroachments
Student Stabbed at University College: SFI leaders have gone absconding
Ker CM takes a dig at Congress MLAs on quitting spree
INTERNATIONAL NEWS
China says Hong Kong protests 'absolutely intolerable'
 Beijing, Jul 22 (AFP) China reacted furiously on Monday to anti-government protesters vandalising th
Britain's May chairs emergency session on seized tanker
UK finance minister says will quit if Johnson becomes PM
Netanyahu to visit India on Sep 9 to meet PM Modi
NATIONAL NEWS
SC to hear on Aug 6 plea by Ahmed Patel against Guj HC order on his election to RS
 New Delhi, Jul 22 (PTI) The Supreme Court Monday fixed August 6 for hearing the plea of senior Congr
Nadda pulls up Pragya Singh Thakur for her toilet remarks
Chandrayaan-2 illustrates India's determination to scale new frontiers of science: PM
Pragya's latest: Have not become MP to clean toilets
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