Advertisement
Singapore markets closed

  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Bitcoin USD

    63,580.45
    +1,713.00 (+2.77%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • Dow

    38,675.68
    +450.02 (+1.18%)
     

  • Nasdaq

    16,156.33
    +315.37 (+1.99%)
     

  • Gold

    2,310.10
    +0.50 (+0.02%)
     

  • Crude Oil

    77.99
    -0.96 (-1.22%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     

  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     

  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

Rupee strengthens tracking overnight fall in global crude prices

Reuters
A customer hands a 50-Indian rupee note to an attendant at a fuel station in Ahmedabad, October 5, 2018. REUTERS/Amit Dave/Files (Reuters)

MUMBAI (Reuters) - The rupee opened stronger on Friday helped by a drop in global crude oil prices overnight and a recovery in the domestic share market.

The partially convertible rupee was trading at 73.77/78 per dollar versus its previous close of 74.14.

Oil prices rose on Friday slightly reversing two days of declines driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a weekly fall.

(Reporting by Swati Bhat; Editing by Gopakumar Warrier)