Indian rupee strengthened against the US dollar at Interbank Foreign Exchange market (Forex) on Thursday and closed 11 paise up at 67.04 amid selling of the American currency by banks and exporters and a positive closing of domestic stocks markets.
ADB, asian development bank, rupee-linked bonds, adb news, adb rupee “The Asian Development Bank (ADB) has raised Rs 5 billion (about million) from its issuance of 5-year offshore Indian rupee (INR) linked bonds, ” it said in a release on July 28.
Anindya Banerjee, Associate Vice President for Currency Derivatives with Kotak Securities, told IANS: "We could continue to expect RBI to buy US dollar as speculative hot money is causing rupee to gain against its peers, like yuan.
The Indian rupee advanced against the U.S. dollar in evening trading on Wednesday, as regional shares rose amid hopes that the Goods and Services Tax constitutional amendment bill may be passed in Parliament's ongoing monsoon session.
Indian rupee appreciates by 9 paise to close at 67.08 agsinst US dollar. Indian rupee ended 9 paise up at 67.08 against the US dollar at the Interbank Foreign Exchange market following a mixed set of US economic data amid rally in domestic stock markets.