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Rupee adds to gains, up 5 paise against dollar

Press Trust of India  |  Mumbai 

Extending gains for the fourth session, the rupee appreciated by another 5 paise to 68.29 against the in early trade today on continued selling of the American currency by banks and exporters.

dealers said the dollar's weakness against some currencies overseas led to the rupee upmove.

However, a weak opening in domestic restricted the gains in rupee, they said.

Yesterday, the domestic currency had gained 4 paise to end at one-week high of 68.34 against the resurgent dollar following robust macro-economic data even as crude prices jumped after the historic OPEC deal.

Meanwhile, the benchmark plunged 199.97 points, or 0.75 per cent, to 26,359.95 in early trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 02 2016. 09:42 IST