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Rupee spurts 6 paise against US dollar

Press Trust of India  |  Mumbai 

The rose by 6 paise to 68.62 against the in early trade today as the US softened against China's yuan and the euro amid sustained foreign fund inflows.

Increased selling of the greenback by exporters and banks amid a higher opening in the domestic equity market lifted the domestic currency, dealers said.

Yesterday, the had staged an impressive rebound from a two-week low to end higher by 20 paise at 68.68 against the US on fresh bouts of selling by exporters and banks.

Meanwhile, the benchmark BSE Sensex rose by 110.06 points, or 0.29 per cent, to trade at 37,775.86 in early trade.

Foreign portfolio investors (FPIs) bought shares worth Rs 314.83 crore yesterday, as per provisional data.

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

First Published: Wed, August 08 2018. 09:30 IST