The Indian rupee on Thursday strengthened marginally for third sessions against US dollar in the opening trade. At 9.15 am, the rupee traded at 70.28 a dollar, up 0.10% from its previous close of 70.34. Imports rose 4.5% to $41.4 billion, against a 1.4% increase in the previous monthThe benchmark Sensex index rose 0.12% to 37158.76 points. During the period, foreign investors bought $9.50 billion in Indian equities and sold $760.70 million in debt market. The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.534, down 0.04% from its previous close of 97.569.

Source: Mint May 16, 2019 03:45 UTC