Rupee gets stronger, gains 5 paise against dollar
Forex dealers said weakness in the dollar against a few currencies overseas gave some ammo to the rupee
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The rupee edged higher by 5 paise to 66.39 against the dollar in early trade today after exporters and banks stepped up selling of the US currency amid sustained foreign fund inflows.
Forex dealers said weakness in the dollar against a few currencies overseas gave some ammo to the rupee.
Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.
Yesterday, the rupee had gained 8 paise to close at 66.44.
Meanwhile, the benchmark BSE Sensex rose 36.42 points, or 0.,13%, to 26,100.54 in early trade today.
Forex dealers said weakness in the dollar against a few currencies overseas gave some ammo to the rupee.
Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.
Yesterday, the rupee had gained 8 paise to close at 66.44.
Meanwhile, the benchmark BSE Sensex rose 36.42 points, or 0.,13%, to 26,100.54 in early trade today.
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First Published: Apr 28 2016 | 9:57 AM IST