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Rupee rises 8 paise to 64.32 against dollar

Press Trust of India  |  Mumbai 

The today recovered by 8 paise to end at 64.32 against the on fresh selling of the American by exporters and banks in line with strong domestic equity markets.

The domestic unit after opening higher at 64.25, moved in a range of 64.33 and 64.23, before settling at 64.32.

Dealers said the dollar's weakness against other major currencies overseas after last week's gain also supported the Indian

On Friday, the had lost 14 paise to end at a near two-month low of 64.40.

The today fixed the reference rate of the at 64.2838 against the US and 78.9341 for the euro.

In cross-trades, the rupee's value remained unchanged against the pound sterling, ending at 89.24.

The Indian closed at 59.27 per 100 Japanese yen from 59.07 earlier.

Meanwhile, the BSE Sensex rallied by 294.71 points, or 0.87 per cent, to settle at 34,300.47 points and the Nifty rose by 84.80 points, or 0.81 per cent, to end at 10,539.75 points today.

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

First Published: Mon, February 12 2018. 19:45 IST
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