Business Market 14 Aug 2017 Rupee reverses downw ...

Rupee reverses downward streak; rebounds 17 paise against dollar

PTI
Published Aug 14, 2017, 10:04 am IST
Updated Aug 14, 2017, 10:04 am IST
Dollar's weakness against some currencies overseas and early gains in domestic equity market supported rupee.
Rupee has been losing value against dollar over past few days.
 Rupee has been losing value against dollar over past few days.

Mumbai: Reversing its three-day downward trend, the rupee recovered by 17 paise to 63.96 against the US dollar in early trade today on fresh selling of the American currency by exporters.

Besides, the dollar's weakness against some currencies overseas and early gains in the domestic equity market supported the rupee. The rupee had lost 5 paise to close 64.13 against the US currency in Friday's trade due to sustained demand for the American currency from importers and corporates.

 

Meanwhile, the benchmark BSE Sensex was quoting higher by 190.65 points or 0.61 per cent at 31,404.24 in opening trade today.

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