Rupee goes up 9 paise against dollar in early trade
Increased selling of the US dollar by exporters supported the rupee
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<a href="http://www.shutterstock.com/pic-145704104/stock-photo-indian-currency-rupees-and-coins.html?src=p5N32CFr8-mqwY5wKad6IA-1-63" target="_blank"> Rupee image </a> via Shutterstock.com
The rupee ticked up 9 paise to 63.91 against the dollar in early trade today at the Interbank Foreign Exchange after the American currency weakened overseas on disappointing retail sales report.
Besides, increased selling of the US dollar by exporters supported the rupee, but a lower opening in the domestic equity market capped the gains, forex dealers said.
The rupee had ended higher by 17 paise at 64 against the greenback in yesterday's trade due to fag-end selling of dollars by banks and exporters on the back of strong recovery in the equity market.
Meanwhile, the benchmark BSE Sensex fell 302.48 points, or 1.10%, to 26,981.49 in early trade.
Besides, increased selling of the US dollar by exporters supported the rupee, but a lower opening in the domestic equity market capped the gains, forex dealers said.
The rupee had ended higher by 17 paise at 64 against the greenback in yesterday's trade due to fag-end selling of dollars by banks and exporters on the back of strong recovery in the equity market.
Meanwhile, the benchmark BSE Sensex fell 302.48 points, or 1.10%, to 26,981.49 in early trade.
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First Published: May 14 2015 | 9:42 AM IST