New Delhi: Riding high on the positive cues such as narrowing trade deficit, constant foreign inflows and rallying stock market, the Indian rupee clocked a seven month high on Monday and closed at 68.53 level, up by 57 paise against the greenback. Also, it reported a six-session winning streak. Similarly, the benchmark BSE 30-share index, too, increased for the 6th consecutive trading session. It closed 70.75 points higher at 38,095.07, while the NSE Nifty settled at 11,462.20 level, up by 35.35 points.
Besides, weakness in the US dollar against major global currencies and a heavy buying in domestic equities aided the forex market sentiment domestically. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.20 per cent to 96.40. At the Interbank Foreign Exchange, the rupee opened at 68.92 and advanced to a high of 68.45 during the day.
At the Dalal Street, among Sensex components, Bajaj Finance topped the gainers list by surging 2.84 per cent. Other winners were PowerGrid, RIL, Axis Bank, Tata Steel, Kotak Bank, IndusInd Bank, Tata Motors, NTPC, HDFC Bank, Asian Paints, ICICI Bank, ITC, Sun Pharma and Yes Bank, rising up to 2.29 per cent. On the other hand, Maruti Suzuki, Hero MotoCorp, Bharti Airtel, HCL Tech, M&M, L&T, Infosys, Vedanta Ltd, Bajaj Auto, TCS, HDFC, ONGC, Coal India and HUL, retreated up to 2.56 per cent. Rupee finally settled at 68.53, a rise of 57 paise against the dollar over its previous close.
