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Rupee gains 32 paise to 71.91 against Dollar

16

New Delhi: The Rupee on Thursday surged by 32 paise to 71.91 against the US Dollar. Earlier today it had fallen by 14 paise. But the Rupee gained by the end of the day.

On Thursday, the Rupee appreciated by 33 paise to 71.68 per US dollar.

Reserve Bank of India(RBI) led by its new Governor Shaktikanta Das held its first board meeting today. The RBI stayed away from taking any controversial decisions today.

“The Board deliberated on the Governance Framework of the Reserve Bank and it was decided that the matter required further examination,” said a short statement issued after the board meeting.

The agenda for the meeting also included concerns that liquidity conditions are too tight and that credit flow to parts of the real economy has been disrupted. Once again, the board stayed away from making any specific decision in this regard.

Bombay Stock Exchange (BSE) benchmark index Sensex closed at 35,962.93, up 33.29 points or 0.09 percent from the previous close. The Nifty50 index of the National Stock Exchange (NSE) rose 13.90 points or 0.13 percent to settle at 10,805.45.

This is the fourth straight session of gain for the benchmarks. Nifty clocked in a weekly gain of 1.05 percent, while the Sensex ended 0.81 percent firmer for the week.

Also Read: Rupee Appreciates 42 Paise To 71.59 Against Dollar

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