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Rupee up 19 paise against dollar ahead of key macro data release

Press Trust of India/Mumbai 12 Jul 18 | 04:41 PM

The rupee firmed up by 19 paise to 68.58 against the dollar in early trade on Thursday ahead of the release of a key index of industrial production (IIP) and inflation data amid foreign capital inflows.

Forex dealers said selling of the greenback by banks and exporters supported the rupee. However, dollar's strength against other currencies overseas, due to mounting US-China trade tensions and strong US inflation data, capped the gains.

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Further, investor sentiment turned positive following higher opening of the domestic equity market, they added.

The benchmark BSE Sensex was trading an all-time high of 36,490.38, surging by 224.45, or 0.62 per cent, in opening trade today. 

ALSO READ: Rupee likely to remain at 68-72 against USD in next 2-4 months: UBS Report

Yesterday, the rupee had gained 5 paise at 68.77 against the US currency on Thursday, on the back of some stray dollar-selling by exporters and banks.

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Sensex

Company Price Gain (%)
Reliance Inds.1,096.751.34
Infosys1,309.101.12
Bajaj Auto3,134.001.03
Coal India267.750.96
Maruti Suzuki9,434.300.93

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