• User Name
  • Password
  • Remember Me
18 Aug 2017, 16:07 HRS IST
Will reply to allegations in right manner, right forum and at an appropriate time: Murthy on Infosys board's chargesSome shareholders have said it's hard to believe a report by a set of lawyers hired by a set of accused, giving clean chit to the accused: Murthy on InfyAnguished by allegations, tone and tenor of statements made by Infosys board, below my dignity to respond to baseless insinuations: N R Narayana MurthyInfosys appoints Vishal Sikka as Executive Vice-ChairmanInfosys appoints U B Pravin Rao as Interim-Managing Director and Chief Executive OfficerVishal Sikka resigns as Infosys Managing Director and CEO with immediate effectVishal Sikka resigns as Infosys Managing Director and CEO with immediate effect
  • PTI
We welcome designation of Hizbul Mujahideen as foreign terrorist group by US; it reflects joint commitment of US, India to fight terror: MEA.
  • Rupee pares early gains, still higher by 28 paise at 65.41

  • Advertisement
  •  Share
  • Print Print
  •  E-mail
  • Comments Comment
  • [ - ] Text [ + ]
12:34 HRS IST

Mumbai, Mar 16 (PTI) The Indian rupee pared its initial gains, while holding its 16-months highs by 28 paise to 65.41 in late morning deals, on the back of continued unwinding of dollars from banks and exporters amid heavy foreign capital inflows and strong equities.

Weak dollar overseas also lifted the rupee sentiment, a forex dealer said.

Earlier, the rupee resumed higher at 65.40 as against Wednesday's closing level of 65.69. Later, it strengthened sharply to 65.21 before trading at 65.41 at 1020 hours.

The domestic currency hovered in a range of 65.41 and 65.21 during morning deals.

Meanwhile, the dollar index was trading lower by 0.17 per cent at 100.57 against a basket of six currencies in late morning trade.

Overseas, the US dollar struggled at one-month low against basket currencies in early Asian trade, after the Federal Reserve sounded less hawkish than anticipated on future rate hikes, while the euro stood tall after Dutch exit polls pointed to a comfortable win by Prime Minister Mark Rutte over his far-right rival Geert Wilders.

Meanwhile, the benchmark Sensex rallied, trading higher by 164.93 points, or 0.58 per cent, in late morning deals.

  • Post your comments