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Rupee gains 5 paise against US dollar

Press Trust of India  |  Mumbai 

The rupee firmed up 5 paise to 63.75 against the in early trade today on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic Besides, weakness in the dollar against some other currencies overseas and a higher opening in the domestic supported the rupee, dealers said. Yesterday, the rupee faced a temporary hitch and retracted from its two-year high to close at 63.80 a dollar by tumbling 22 paise after the four-day strong rally lost momentum on sharp recovery of the US currency. Meanwhile, the benchmark rose 70.10 points, or 0.21 per cent, to 32,343.77 in early session today.

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

First Published: Tue, August 08 2017. 09:48 IST