te Rupee gains 4 paise against dollar in early trade | Zee Business

Rupee gains 4 paise against dollar in early trade

Forex dealers said weakness in the US dollar against other currencies overseas supported the rupee.

Rupee gains 4 paise against dollar in early trade
On Wednesday, the domestic unit rebounded from its two-and-half-month low with an impressive 42-paise gain to close at 67.33 - its sharpest single-day jump in over two months. Image Source: Reuters

The rupee firmed up by 4 paise to 67.29 against the US dollar in early trade on Thursday on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Forex dealers said weakness in the US dollar against other currencies overseas supported the rupee.

Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.

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On Wednesday, the domestic unit rebounded from its two-and-half-month low with an impressive 42-paise gain to close at 67.33 - its sharpest single-day jump in over two months.

Meanwhile, the benchmark Bombay Stock Exchange (BSE) Sensex rose 187.44 points, or 0.72%, to 26,068.61, in early session on Thursday.

 

Written By: PTI
Updated: Thu, May 26, 2016
09:58 am
Mumbai , PTI
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