Rupee rallies on oil window, jumps to 67.20 per dollar
NEW DELHI: The rupee on Thursday regained the 66 level on RBI's move to provide dollars to oil companies.
The rupee opened 130 paise stronger at 67.20 per dollar and moved higher in early morning trade.
The Sensex and Nifty also opened in green in early morning trade on Thursday. The Sensex was trading at 18,152.23, up 156 points at 9.50am.
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NEW DELHI: The rupee on Thursday regained the 66 level on RBI's move to provide dollars to oil companies.
The rupee opened 130 paise stronger at 67.20 per dollar and moved higher in early morning trade.
The Sensex and Nifty also opened in green in early morning trade on Thursday. The Sensex was trading at 18,152.23, up 156 points at 9.50am.
Earlier on Wednesday, the currency had collapsed to a lifetime low of 68.85 against the dollar and closed at 68.80, registering its biggest single-day loss of 256 paise, as global oil prices jumped, deepening concerns about the current account deficit and capital outflows.
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