Following the results of exit poll, on Monday, the rupee has gained momentum against the dollar in the beginning of the trading. The result of the exit poll has been said to have been clearly stated for the alliance (NDA), so that the rupee has risen sharply. On Monday, the rupee gained 79 paise to 69.44 against the US dollar on Monday.
Currency opening in the domestic stock markets also triggered currency trends and Forex traders also said investors have welcomed the results of exit polls. The exit poll has been projected for a huge majority for the current NDA government. The opening of the domestic stock market with tremendous speed also affected Currency Sentiments.
The rupee opened at the Interbank Forex market at 70.36 today. After this, it was 79 paise more than the dollar and reached level of 69.44 per dollar. The rupee closed at 70.23 against the US dollar on Friday. Foreign funds withdrew Rs 1,057.82 crore from the capital market on a net basis on Thursday.
The benchmark BSE Sensex was trading 718.11 points or 1.89 percent higher at 38,657.65, while the NSE Nifty was trading 207.85 points or 1.82 percent higher at 11,615 points. Global benchmark Brent crude was trading 1.48 percent higher at 73.28 dollars a barrel.
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Currency opening in the domestic stock markets also triggered currency trends and Forex traders also said investors have welcomed the results of exit polls. The exit poll has been projected for a huge majority for the current NDA government. The opening of the domestic stock market with tremendous speed also affected Currency Sentiments.
The rupee opened at the Interbank Forex market at 70.36 today. After this, it was 79 paise more than the dollar and reached level of 69.44 per dollar. The rupee closed at 70.23 against the US dollar on Friday. Foreign funds withdrew Rs 1,057.82 crore from the capital market on a net basis on Thursday.
The benchmark BSE Sensex was trading 718.11 points or 1.89 percent higher at 38,657.65, while the NSE Nifty was trading 207.85 points or 1.82 percent higher at 11,615 points. Global benchmark Brent crude was trading 1.48 percent higher at 73.28 dollars a barrel.
For more information Best Advisory Company in Indore
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