Rupee up by 16 paise against US dollar in early trade
5 Jan 2017 9:46 AM IST5 Jan 2017 9:46 AM IST
Rupee is trading at 67.89 against the dollar in early trade.
The rupee yesterday had tumbled by 30 paise to end at a fresh 2016 low of 68.76.
Mumbai: The rupee firmed up 16 paise to 67.89 against the dollar today after the US currency saw higher selling by exporters and banks amid a higher opening in the domestic stock market.
Forex dealers said weakness in the greenback against other currencies overseas gave the rupee some relief.
Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.
On Wednesday, the domestic unit ended higher by 28 paise at 68.05 following a fresh bout of dollar selling.
Meanwhile, the benchmark BSE Sensex rose 171.39 points, or 0.64 per cent, to 26,804.52, in early session today.
( Source : PTI )
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