Business Market 06 Jun 2017 Rupee gains 4 paise ...

Rupee gains 4 paise against dollar in early trade

PTI
Published Jun 6, 2017, 9:56 am IST
Updated Jun 6, 2017, 9:56 am IST
Higher opening of the domestic equity market backed the rupee.
Representational Image
 Representational Image

Mumbai: The rupee strengthened by 4 paise to 64.32 against the US dollar in early trade at the Interbank Foreign Exchange market on sustained selling of the American currency by banks and exporters.

Forex dealers said that besides continued selling of the greenback by banks and exporters, a higher opening of the domestic equity market backed the rupee. Yesterday, the rupee had firmed up by 8 paise to close at a near three-week high of 64.36 a dollar on steady selling of the American currency by state-owned banks and exporters. Meanwhile, the benchmark BSE Sensex rose by 120.83 points, or 0.38 per cent, to 31,430.32 in early trade.

 

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT