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Rupee up 12 paise against US dollar in late morning trade

Press Trust of India  |  Mumbai 

The advanced by 12 paise to 63.54 against the greenback in late morning deals on sustained bouts of dollar selling from banks and importers banks amid higher local equities and subdued dollar overseas.

The opened higher at 63.60 per dollar from yesterday's closing level of 63.66 at the inter-foreign exchange market today.

The domestic unit traded between 63.6150 and 63.5475 during morning deals.

The was trading at 63.54 per dollar at 1130hrs.

"A weak dollar overseas is aiding the rupee," a said.

The slumped against its major rivals in early Asian trade due to weak factory data, while the euro strengthened after the European Central hinted that it could trim its monetary stimulus programme.

The 30-share was trading higher by 74.06 points, or 0.21 per cent, at 34,577.55 at 1045 hrs.

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

First Published: Fri, January 12 2018. 11:55 IST
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