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Rupee gains 2 paise against dollar at 64.55

Press Trust of India  |  Mumbai 

The rupee edged up 2 paise to 64.55 against the in early trade at the interbank market today on increased selling of the American currency by exporters and banks.

Besides, a higher opening in domestic stocks supported the rupee, dealers said.

However, the dollar's recovery against some currencies overseas restricted the local unit's upmove.

Yesterday, the rupee had lost further ground to end at a near two-week low of 64.57 against the US currency, falling by 5 paise on sustained demand for the dollar from importers despite a strong rebound in equities.

Meanwhile, benchmark rose 190.36 points, or 0.57 per cent, to 33,139.57 in early trade today.

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

First Published: Fri, December 08 2017. 09:35 IST