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Last Updated : Jan 29, 2020 02:04 PM IST | Source: Moneycontrol.com

Rupee extends gains, trades higher at 71.19 per dollar

On Tuesday, the rupee gained 10 paise to end at 71.33 against the US dollar.

The Indian rupee extended morning gains and trading higher by 14 paise at 71.19 per dollar, with buying seen in the domestic equity market.

It opened higher by 10 paise at 71.23 per dollar against previous close 71.33.

On Tuesday, the rupee gained 10 paise to end at 71.33 against the US dollar as crude prices eased following concerns that oil demand will be hit amid rapid spread of coronavirus from China to other countries.

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The Sensex was up 286.07 points or 0.70% at 41252.93, and the Nifty was up 89.50 points or 0.74% at 12145.30.

Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day fall on talk OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles helped steady prices.

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First Published on Jan 29, 2020 09:00 am

tags #Rupee

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