Rupee spurts 11 paise against US dollar in morning trade

Moreover, the weakness in the dollar against some other currencies overseas as expectations of a trade deal between the US and China, and foreign capital inflows in the domestic equity markets supported the rupee.

Feb 25, 2019 04:02 IST India Infoline News Service

Indian Rupee
The Indian rupee opened higher at 70.98 against the US dollar on Monday. Currently, it has gained 11 paise at 71.02/$.

Moreover, the weakness in the dollar against some other currencies overseas as expectations of a trade deal between the US and China and foreign capital inflows in the domestic equity markets supported the rupee.

The local unit had gained 10 paise on Friday to at 71.14 against the US dollar.

Meanwhile, the Sensex rose 74 points to 35,945, while the Nifty was trading above 10,801, up 10 points The market breadth was positive with 1,005 shares advancing, 610 shares declining, and 460 remaining unchanged.

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