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Rupee jumps 11 paise against dollar to 65.25

Press Trust of India  |  Mumbai 

The rupee appreciated by 11 paise to 65.25 against the dollar today as rising risk appetite pushed back the US currency amid a higher opening in domestic equities.

The risk-on approach pushed exporters and banks increasingly away from the dollar.

The greenback ran out of luck overseas too, snapping its winning streak, as it fell against major peers.

The rupee uptrend got a leg-up from a positive opening in the local stock market, according to traders.

Yesterday, the domestic unit ended marginally up by 2 paise at 65.36 against the American currency in a highly fluctuating trade.

The benchmark today rose further by 110.72 points, or 0.34 per cent, to 31,957.61.

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

First Published: Tue, October 10 2017. 09:57 IST