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Rupee moves up 8 paise, investors digest trade data

Press Trust of India  |  Mumbai 

The rupee edged up 8 paise to 65.34 against the dollar in opening trade today on fresh selling of the US currency by exporters.

dealers said fresh inflow of foreign funds and weakness in the dollar against other currencies overseas supported the rupee.

However, a lower opening of domestic equities and a widening trade deficit to almost a three-year high capped the gains.

Yesterday, the rupee had ended flat to close at 65.42 against the US currency due to fag-end demand for the greenback amid ballooning trade deficit.

Meanwhile, the benchmark fell by 113 points, or 0.34 per cent, at 32,828.87 in early session today.

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

First Published: Wed, November 15 2017. 09:48 IST