Indian Rupee decrease 3 paise to 67.20 against Dollar


MUMBAI: On Friday India Rupee was buying and selling lower by 3 paise at 67.20 against the dollar in early trade at the Interbank Foreign Exchange market on augmented demand for the US currency from importers. Dealers have also conveyed that, in addition, strength in dollar next to some other currencies abroad also weighed on the rupee but a superior commencing in the domestic equity market capped the fall. The rupee had concluded marginally higher by 3 paise at 67.17 in Thursday's buy and sell on mild dollar selling by banks and exporters. For now, the benchmark BSE Sensex recovered by 53.67 points or 0.19 per cent to 27,764.19 in nears the beginning deals.

ITC Q1 net profit climbs 10% to Rs 2384 crores

 Sources also have further conveyed that, data released previous night demonstrate US initial jobless claims hit a three-month low at a seasonally adjusted 253,000 for the week concluded July 16. Mid-Atlantic factory activity, however, contracted, but details showed growing fresh orders and employment.  The dollar index, which measures the movement of dollar against a basket of six major world currencies, stood at 96.97, decrease 0.03 per cent.  On Thursday the greenback drop next to the Japanese yen subsequent to Bank of Japan's Haruhiko Kuroda in a speech decreased the use of helicopter money to lift the Japanese economy. The US currency, slightly strengthened next to euro subsequent to the European Central Bank maintained status quo on policy rate, with its president Mario Draghi saying that the central bank was ready to augment stimulus if there is a negative impact of Brexit. 

Ultra Tech profit rises to Rs 780 crores in first quarter