Rupee Slips 16 Paise, Opens At 68.24 Against US Dollar. 5 Points

21 Jun 2018, 10:21 AM IST

Foreign portfolio investors (FPIs) sold shares worth Rs 2,442.61 crore on Wednesday.

The escalating trade threats between the world's two biggest economies has also been affecting forex market. Increasing prospects for a full-blown US-China trade war triggered a risk-off atmosphere in many global currency markets after US President Donald Trump ordered to impose another round of tariffs on more Chinese goods, prompting China to retaliate.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,442.61 crore on Wednesday, as per provisional data issued by stock exchanges.
On Wednesday, rupee had staged a good comeback to end with a sharp gain of 30 paise at 68.08 against the US dollar on heavy bouts of dollar selling by banks and exporters with equities gaining ground.
Meanwhile, the market benchmark index S&P BSE Sensex opened 97 points higher at 35,644 on Thursday in early trade. The NSE's Nifty50 also rose by 36 points to open at 10,808 in the early hours today.
All the sectoral indices were trading higher, led by capital goods, consumer durables, infrastructure, banking, realty and oil and gas. Stocks of Reliance Industries continued its upward trajectory, scaling a new peak of Rs 1,031 by surging 1.08 per cent. (With PTI inputs)