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Rupee gains 19 paise against dollar in opening trade

Press Trust of India  |  Mumbai 

The strengthened by 19 paise to 64.13 against the US in opening trade today aided by stronger domestic equities.

The weakness in against some currencies overseas after said that the central would remain alert to risks to financial stability in the wake of recent market rout also supported the rupee's upmove.

The US hit a five-month low against the yen after Japans recorded its longest growth streak in 28 years.

Besides, industrial output grew 7.1 per cent in December and selling of the American by exporters supported the rupee, forex dealers said.

Forex market was closed yesterday for a public holiday.

On Monday, the had ended 8 paise higher to end at 64.32 against the dollar on fresh selling of the American by exporters and banks in line with strong domestic equity market.

The benchmark BSE Sensex rose 172.96 points, or 0.50 per cent, to trade at 34,473.43, while the NSE Nifty climbed 41.50 points, or 0.39 per cent, to 10,581.25 today.

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

First Published: Wed, February 14 2018. 09:50 IST