Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Rupee gains 13 paise to 71.18 vs USD on easing crude price

Updated: February 11th, 2019, 18:15 IST
in Business
0
Rupee slips 20 paise to 71.47 vs USD in early trade
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Mumbai: The rupee strengthened by 13 paise to close at 71.18 against the US dollar Monday on easing crude oil prices, even as the greenback strengthened vis-a-vis other major currencies.

This is the fifth successive session of gain for the domestic currency, during which it has climbed 62 paise.

Also Read

Indian officials likely to visit US this week for trade talks

Indian delegation to Washington to continue negotiations on BTA this week

17 hours ago
Nobel Prize Economics

Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth

18 hours ago

At the Interbank Foreign Exchange (forex) Monday, the rupee opened on a firm note at 71.24. It gained further to hit a high of 71.09 and finally settled for the day at 71.18, up 13 paise over its last close.

Friday, the rupee had ended 14 paise higher at 71.31 against the US dollar.

Easing crude price was a major factor that boosted the rupee sentiments. Brent crude, the global oil benchmark, was trading at USD 61.94 per barrel, down by 0.26 per cent.

“The Indian rupee appreciated for fifth straight day. INR is the best performing emerging market currency over last one week,” said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

Forex traders attributed the US dollar movement to renewed concerns over ongoing US-China trade talks and global economic recovery.

“The dollar index attracted the safe haven investment on mounting concerns over US China trade talks and global economic recovery. The dollar edged upwards to a new high for 2019, as the slowdown in the Euro zone showed signs of raising more political instability,” said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.10 per cent to 96.73.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 843.73 crore, and domestic institutional investors (DIIs) sold shares to the tune of Rs 960.04 crore Friday, provisional data showed.

The 30-share barometer, BSE Sensex, settled at 36,395.03, down 151.45 points, or 0.41 per cent. The 50-scrip NSE Nifty finished 49.80 points, or 0.50 per cent, down at 10,888.80.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1621 and for rupee/euro at 80.5882. The reference rate for rupee/British pound was fixed at 92.0216 and for rupee/100 Japanese yen at 64.71.

PTI

Share2TweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019

Archives

Editorial

Peacemakers

October 14, 2025

There is rejoicing as peace has started to return to the heart of the war-ravaged Middle East, and a ceasefire...

Read moreDetails

Afghanistan As Friend

Afghanistan
October 13, 2025

Some politicians and feminists are screaming that it is outrageous that the Taliban could display its misogyny on Indian soil...

Read moreDetails

Stalled Promise

October 12, 2025

Thirty five years ago, India chose to go down two paths, on both of which it remains. The first path...

Read moreDetails

Trade to Tirade

October 11, 2025

It started, as many big stories do these days, with a tweet. A blunt social media post by a mid-sized...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST