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Rupee rebounds 41 paise against US dollar

Press Trust of India  |  Mumbai 

The strengthened by 41 paise to 68.42 against the US in early trade today, helped by revived sentiments following optimistic macroeconomic outlook.

Industrial output recorded a growth of 7 per cent in June on account of higher output in mining, and power generation segments, according to data released by the (CSO) Friday.

Forex dealers said selling of the greenback by banks and exporters supported the However, dollar's strength against other currencies overseas and lower opening in the domestic equity markets capped the gains.

On Friday, the had lost 15 paise to end at 68.83 against the resurgent

Meanwhile, the benchmark Sensex fell 284.27 points, or 0.75 per cent, to 37,584.96 in opening trade today.

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

First Published: Mon, August 13 2018. 09:45 IST