Rupee Ends Higher At 71.07 Against Dollar

INSUBCONTINENT EXCLUSIVE:
Rupee has gathered 37 paise in the two straight sessions of gains.The rupee on Thursday furthered gains by 26 paise to close at 71.07
against the US dollar as softer crude prices and gains in domestic equities bolstered forex market sentiments
Besides, stronger Asian currencies against US dollar propped up the domestic unit
The domestic currency has gathered 37 paise in the two straight sessions of gains
At the Interbank Foreign Exchange, the rupee opened stronger at 71.29 a dollar against the previous close of 71.33
The local unit moved in a range of 71.30 to 71.06 during the session before finally ending at 71.07, a gain of 26 paise over its last
and stocks gained on hope of improvement in US-China trade talks, scheduled on January 30-31
The fall in crude oil and stronger Asian currencies against US dollar bode well for rupee," VK Sharma, head PCG and Capital Market Strategy,
indices Sensex and Nifty reversed their two-day losing spell
The 30-share index close the day 86.63 points, or 0.24 per cent, higher at 36,195.10
shares worth a net of Rs 775.82 crore, and domestic institutional investors (DIIs) purchased shares worth Rs 583.77 crore Wednesday,
to 96.44.The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.2820 and for rupee/euro at
81.1113