Rupee stood at 63.74 against the US dollar in the early trade
Rupee drop by 5 paise to 63.67 against dollar (Representational Image)
Mumbai: The rupee strengthened 8 paise to 63.74 against the US dollar in the early trade, at the Interbank Foreign Exchange on selling of the American currency by exporters as the economy grew at 7.5 per cent in the March quarter.
That apart, forex dealers said, a higher opening in the domestic equity market and fresh capital inflows supported the rupee, but dollar's strength against other currencies overseas limited the gains. The rupee had ended marginally lower by 2 paise at 63.82 in Friday's trade. Meanwhile, the benchmark BSE Sensex rose 51.71 points, or 0.18 per cent, to 27,880.15 in early trade.
( Source : PTI )
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