The Indian Rupee Appreciated Sharply In Morning Trade On Dollar Weakness. - Dollar Advisory Financial Services

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Friday 8 September 2017

The Indian Rupee Appreciated Sharply In Morning Trade On Dollar Weakness.

The Indian rupee appreciated sharply in morning trade on dollar weakness.

It was trading at 63.87 against the US dollar, up 17 paise from Thursday's closing of 64.05.

Bhaskar Panda of HDFC Bank said the dollar weakness continued due to various risks..

ICICI Lombard General Insurance Company set Rs 651-661 as the price band for its initial public offering, which will make it a Rs 5,700-crore issue.

"The price band has been set at Rs 651-661. At the upper end of the band, it will raise Rs 5,700 crore," a source said late in the evening.

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