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  Business   Market  02 Jun 2017  Rupee up 14 paise against US dollar in early trade

Rupee up 14 paise against US dollar in early trade

PTI
Published : Jun 2, 2017, 9:58 am IST
Updated : Jun 2, 2017, 9:58 am IST

Rupee is trading at 64.34 against the US dollar in early trade at the Interbank Foreign Exchange market.

 A higher opening of the domestic equity market backed up the rupee.
  A higher opening of the domestic equity market backed up the rupee.

Mumbai: Rising for the third straight day, the rupee strengthened by 14 paise to 64.34 against the US dollar in early trade at the Interbank Foreign Exchange market today on sustained selling of the American currency by banks and exporters.

Forex dealers said besides continued selling of the greenback, weakness in dollar against other currencies overseas and a higher opening of the domestic equity market backed up the rupee.

 

The rupee had firmed up by 3 paise to close at 64.48 in yesterday's trade, shrugging off weaker-than-expected GDP numbers.

Meanwhile, the benchmark BSE Sensex spurted by 194.97 points or 0.62 per cent, to hit an all-time high of 31,332.56 in opening trade.

Tags: rupee, dollar, interbank foreign exchange, rupee against dollar, rupee exchange rate
Location: India, Maharashtra, Mumbai (Bombay)