You are here: Home » PTI Stories » National » News
Business Standard

Rupee zooms another 47 paise in dream run

Press Trust of India  |  Mumbai 

The rupee rose by another 47 paise to hit a new 16-month high at 65.22 against the dollar in early trade today at the on sustained foreign fund inflows and increased selling of the US currency by exporters and banks.

dealers said that besides a higher opening in domestic equity market, the dollar's weakness against other currencies overseas after the Federal Reserve raised supported the rupee.

Yesterday, the rupee had continued its stellar run against the dollar to finish at a fresh 16-month high of 65.69 as exporters aggressively offloaded the US currency ahead of the Fed meet outcome.

Meanwhile, the benchmark shot up by 206.40 points, or 0.70 per cent, to trade at 29,604.51 in opening trade today.

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

First Published: Thu, March 16 2017. 10:02 IST