Sensex Goes Up 451 Points; Rupee Rises Against the Dollar

November 19 09:24 2013

sensexTuesday, November 19 – In view of the fact that overseas stocks improved on suggested economic reforms of China that would be market friendly and anticipations that the United States would widen its cheap-money stimulus plan to maintain development, the Sensex a day ago rose 451 points, or 2.2 percent, being the highest in a month.

Showing good signs for India, rupee grew against the dollar. On augmented selling of the US currency by exporters, it ascended for the fourth consecutive day, getting 31 paise to 62.10 in opposition to the US dollar in early trade. Besides, being high 70 paise against the US dollar, the rupee closed at nearly two-week peak of 62.41 on November 18.