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Rupee runs higher by 12 paise against dollar

Press Trust of India  |  Mumbai 

The rupee appreciated 12 paise to 66.76 against the today, propped up by fresh selling of the American currency by exporters and banks amid a higher opening in the domestic

According to dealers, weakness in the dollar against other currencies overseas on unexpected fall in a US manufacturing index made the rupee stronger.

The local currency received a shot in the arm after stocks started the day on a positive note.

Yesterday, the rupee had ended lower by 17 paise at 66.88 due to heavy dollar demand from importers and corporates.

Meanwhile, the benchmark rebounded 207.64 points, or 0.75 per cent, at 27,737.61 in early trade today.

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

First Published: Tue, October 18 2016. 09:48 IST