Rupee breaks 70 / dollar level in intra-day trade, 74 paisa stronger

Rupee broke the level of 70 during intra-day trading on Thursday. Due to the dollar's selling by exporters and softening of crude prices, the rupee gained 74 paise to 69.88 per dollar, which was its highest level of three months. Earlier, the rupee strengthened at the Interbank Foreign Exchange, opened at 70.15 level compared to the dollar and strengthened in a while.

The dollar weakened by US Fed statement

Forex dealers said that the US dollar weakened compared to the other overseas taxation by the US Federal Reserve Chairman Jerome Powell's statement on the benchmark interest rate being at the neutral level.

Crude also got support from softness

Traders said that the rupee is also getting support from rising foreign fund inflow and softening of crude prices. Foreign Portfolio Investors (FPIs) bought shares worth Rs 961.26 crore on Wednesday.

In the global market, international benchmark Brent Crude is trading 0.14 percent down at $ 58.68 a barrel.

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Intraday Trading Tips- Sensex opens 280 points strong, nifty crosses 10800, rupee hits 3-month high

On Thursday, the Indian stock market seems strong note due to rupee's high of $ 79.11 / dollar for three months and opening a day before the big rally in the US markets. 

Most of the bluechip stocks, including Reliance Industries (RIL), ITC, Hindustan Unilever, rose to a record high of 36000, with the Sensex rising 280 points, while the Nifty also climbed 70 points to near 10,800 levels.

These are Top 5 Gainers

Talk about Nifty 50's Top Gainers, Vedanta opens with a firm of about 3% firmly. Hindalco, BPCL, Power Grid, Tata Steel are doing business with 2 to 3% strength.

These are Top 5 Loser

YES Bank once again remained the top loser of the Nifty with a fall of 5 percent. Besides, ONGC, HCL Technologies, Coal India and Tech Mahindra recorded a decline of 1 to 2.50 percent.

YES Bank Breaks 5%

Yas Bank's stock, which has been going through tough times, continued to decline. The stock of the bank was nearly 5 percent lower than the rupee at Rs 155. The bank had told the BSE in a filing a day earlier that the names of the new CMDs will be considered in the board meeting on December 13 and afterward the recommendation will be sent to the RBI.

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