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Rupee gains 9 paise against US dollar in early trade

Press Trust of India  |  Mumbai 

The rupee strengthened by 9 paise to trade at 65.37 against the dollar in opening trade today on fresh selling of the US currency by exporters and banks.

A weak dollar in overseas markets and selling of the US currency by exporters and banks supported the rupee in opening trade, dealers said.



Further, a higher opening in the domestic and strong FII inflows influenced the rupee uptrend, they added.

On Friday, the rupee had lost 5 paise to end at 65.46 against the US currency on dollar demand from importers and suspected RBI intervention, ending its four-day dream run.

Meanwhile, the benchmark rose by 50.49 points, or 0.17 per cent, at 29,699.48 in opening trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Rupee gains 9 paise against US dollar in early trade

The rupee strengthened by 9 paise to trade at 65.37 against the dollar in opening trade today on fresh selling of the US currency by exporters and banks. A weak dollar in overseas markets and selling of the US currency by exporters and banks supported the rupee in opening trade, forex dealers said. Further, a higher opening in the domestic equity market and strong FII inflows influenced the rupee uptrend, they added. On Friday, the rupee had lost 5 paise to end at 65.46 against the US currency on dollar demand from importers and suspected RBI intervention, ending its four-day dream run. Meanwhile, the benchmark BSE Sensex rose by 50.49 points, or 0.17 per cent, at 29,699.48 in opening trade. The rupee strengthened by 9 paise to trade at 65.37 against the dollar in opening trade today on fresh selling of the US currency by exporters and banks.

A weak dollar in overseas markets and selling of the US currency by exporters and banks supported the rupee in opening trade, dealers said.

Further, a higher opening in the domestic and strong FII inflows influenced the rupee uptrend, they added.

On Friday, the rupee had lost 5 paise to end at 65.46 against the US currency on dollar demand from importers and suspected RBI intervention, ending its four-day dream run.

Meanwhile, the benchmark rose by 50.49 points, or 0.17 per cent, at 29,699.48 in opening trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Rupee gains 9 paise against US dollar in early trade

The rupee strengthened by 9 paise to trade at 65.37 against the dollar in opening trade today on fresh selling of the US currency by exporters and banks.

A weak dollar in overseas markets and selling of the US currency by exporters and banks supported the rupee in opening trade, dealers said.

Further, a higher opening in the domestic and strong FII inflows influenced the rupee uptrend, they added.

On Friday, the rupee had lost 5 paise to end at 65.46 against the US currency on dollar demand from importers and suspected RBI intervention, ending its four-day dream run.

Meanwhile, the benchmark rose by 50.49 points, or 0.17 per cent, at 29,699.48 in opening trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22