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Rupee up 19 paise against dollar ahead of key macro data release

Forex dealers said selling of the greenback by banks and exporters supported the rupee

Press Trust of India  |  Mumbai 

Rift over first ESOP issuance by UBI, Allahabad Bank

The rupee firmed up by 19 paise to 68.58 against the dollar in early trade on Thursday ahead of the release of a key (IIP) and data amid foreign capital inflows.

said selling of the greenback by banks and exporters supported the rupee. However, dollar's strength against other currencies overseas, due to mounting US-trade tensions and strong US data, capped the gains.

Further, investor sentiment turned positive following higher opening of the domestic equity market, they added.

The benchmark BSE Sensex was trading an all-time high of 36,490.38, surging by 224.45, or 0.62 per cent, in opening trade today. 
 

Yesterday, the rupee had gained 5 paise at 68.77 against the US on Thursday, on the back of some stray dollar-selling by exporters and banks.

First Published: Thu, July 12 2018. 16:41 IST
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