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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.

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

First Published: Mon, March 20 2017. 09:57 IST