Rupee regains 6 p to 64.50; gold soars to 5 months high

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dollar up, gold upThe Indian rupee today, 12 April 2017, recovered some of the lost ground, rising 6 paise to 64.50 against the dollar amid mild selling of the American currency by exporters. Weak dollar sentiment overseas mainly supported the recovery sentiment, despite geopolitical concerns being dominated at the global level. The rupee opened at Rs 64.60 against the U.S dollar and registered an intraday high of 64.5375 and low of 64.73 during the morning hours.

Meanwhile, Gold soars to five months high amid rising worries over U.S relations with Russia and North Korea. Gold hit five months high rising nearly 2% in the previous session after hitting high on today, whereby investors are resorting to safe haven assets. The stress in the relations has harmed a bright economic outlook for global growth since there is a level of uncertainty in the financial markets.

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