Indian Rupee Extends Winning Streak at 67.34 per Dollar

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1456913254-6867The Indian Rupee is marginally higher by 3 paise on Friday at 67.34 per dollar versus its previous close of 67.37 per dollar, after the US currency saw higher selling by exporters and banks amidst foreign fund inflows. In the spot currency market, the Indian unit was last seen trading at 67.39. On 2nd February, the rupee had surged by 10 paise to close at a nearly 2-month high of 67.37.
US stocks closed mostly lower on 2 Feb 2017, as concerns about U.S President’s approach on foreign affairs amidst dispute with key allies and trade partners cast an indecision over the market. Overseas, Asian stocks were typically lower since investors await the conclusion of a key US monthly jobs report that will set the tone for the Fed Reserve’s policy outlook.
The RBI reference rate as on February 2, for the dollar stood at 67.44 while for the Euro it was 72.79. Meantime, domestic barometer indices were trading lower post morning tracking weakness in other Asian stocks. At 11:35 am, the barometer index, the BSE Sensex, was down 43.15 points at 28,183. The Nifty 50 index was currently down 14 points at 8,720.


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