Rupee appreciates 17 paise to 68.93 against US dollar
Updated : March 18, 2019 10:16 AM IST
The marginal 2.44 percent increase in exports, as well as lower imports of gold and petroleum products in February, significantly narrowed the country's trade deficit to $9.6 billion, according to data released by the commerce ministry Friday.
Extending its gains for the sixth session, the rupee opened higher at 68.92 at the interbank forex market and gained further ground to touch 68.87.
The rupee Friday had jumped 24 paise to close at 69.10 against the US dollar on sustained foreign fund inflows and heavy buying in domestic equities.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more