Rupee
rises to over 2-week high; up 16 paise at 59.53 Vs dollar
Mumbai:
The rupee edged higher by 16 paise to over two-week high of 59.53
against the US dollar at the Interbank Foreign Exchange market
Thursday on increased selling of the US currency by exporters amid
capital inflows.
Forex dealers said a higher opening in the domestic equity market and strengthening of the euro against the US dollar overseas also supported the rupee.
The rupee appreciated by 38 paise -- its biggest single-day rise in seven weeks -- to close at 58.69 in yesterday's trade on optimism that the budget next week would have strong measures to put finances and the economy back on track.
Meanwhile, the benchmark BSE Sensex climbed to yet another record-high of 25,924.25, rising 83.04 points, or 0.32 percent, in early trade today.
Forex dealers said a higher opening in the domestic equity market and strengthening of the euro against the US dollar overseas also supported the rupee.
The rupee appreciated by 38 paise -- its biggest single-day rise in seven weeks -- to close at 58.69 in yesterday's trade on optimism that the budget next week would have strong measures to put finances and the economy back on track.
Meanwhile, the benchmark BSE Sensex climbed to yet another record-high of 25,924.25, rising 83.04 points, or 0.32 percent, in early trade today.
Mutual
Fund industry AUM rises by Rs 80,000 cr in Apr-Jun qtr
New
Delhi: Improved market sentiments helped mutual funds' assets under
management (AUM) soar by Rs 80,000 crore or nine percent to Rs 9.85
lakh crore in the first quarter of the current fiscal.
The country's 44 fund houses together had an average AUM of Rs 9.85 lakh crore during April-June quarter of 2014-15, up from Rs 9.05 lakh crore in the preceding three months, according to the latest data available with Association of Mutual Funds in India (AMFI).
However, AUM had touched a record Rs 10.11 lakh crore at the end of May.
The country's 44 fund houses together had an average AUM of Rs 9.85 lakh crore during April-June quarter of 2014-15, up from Rs 9.05 lakh crore in the preceding three months, according to the latest data available with Association of Mutual Funds in India (AMFI).
However, AUM had touched a record Rs 10.11 lakh crore at the end of May.
0 comments:
Post a Comment