Rupee runs higher by 12 paise against dollar

Image
Press Trust of India Mumbai
Last Updated : Oct 18 2016 | 9:48 AM IST
The rupee appreciated 12 paise to 66.76 against the US dollar today, propped up by fresh selling of the American currency by exporters and banks amid a higher opening in the domestic stock market.
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 BSE Sensex rebounded 207.64 points, or 0.75 per cent, at 27,737.61 in early trade today.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 18 2016 | 9:48 AM IST

Next Story