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Rupee recoups 8 paise after dollar stumbles

Press Trust of India  |  Mumbai 

The rupee made a mild comeback as it recovered 8 paise to 64.55 against the dollar today after fresh selling of the US currency amid a higher opening in domestic equities.

A weak dollar overseas supported the rupee, dealers said.

Meanwhile, the dollar index fell to a near three-week low on disappointing US housing starts data.

Yesterday, the rupee had lost 11 paise to close at 64.63 on dollar demand from importers as growing geopolitical unrest hastened the flight to safety.

The benchmark rose 54.45 points, or 0.18 per cent, to 29,373.55 in opening trade today.

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

First Published: Wed, April 19 2017. 09:57 IST