Rupee jumps 158 paise to one-month high Vs. $

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Rupee jumps 158 paise to one-month high Vs. $

#1 Postby Shivani » Thu Sep 19, 2013 10:36 am


The rupee jumped to one month high of 61.80 Vs. got a hike of 158 paise against the dollar at the Interbank Foreign Exchange market on Thursday on hopes of increased capital inflows after the US Federal Reserve's decided to keep its stimulus programme intact.

The US federal reserve has surprised everyone by leaving its massive bond-buying programme unchanged, helped the rupee gain.While yesterday it had settled just a paise lower at 63.38 against the dollar.

In the early trading sessions stock markets were up by nearly 3 per cent..The BSE benchmark index soared by 574.13 points, or 2.88 per cent, to 20,536.29, while National Stock Exchange's Nifty rose by 183.65 points, or 3.11 per cent to 6,083.10 in opening trade.

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