1. Indian rupee snaps 3-day falling streak, recovers by 31 paise vs dollar in early trade

Indian rupee snaps 3-day falling streak, recovers by 31 paise vs dollar in early trade

Indian rupee vs US dollar: Forex dealers said rebound in domestic stock markets also helped the domestic unit to strengthen against the dollar.

By: | Mumbai | Published: February 4, 2016 10:38 AM
Indian rupee vs US dollar

Indian rupee vs US dollar: Forex dealers said rebound in domestic stock markets also helped the domestic unit to strengthen against the dollar. (Reuters photo)

The Indian rupee recovered by 31 paise to 67.76 against the dollar in early trade on Thursday, snapping the three-day falling streak on fresh selling of the US currency by banks and exporters.

Besides, the dollar’s weakness against some currencies overseas, supported the rupee.

Forex dealers said rebound in domestic stock markets also helped the domestic unit to strengthen against the dollar.

The rupee had lost 9 paise to close at 68.07 in yesterday’s trade on sustained demand for the US currency from banks and importers amid falling crude prices and oreign capital outflows.

Meanwhile, the benchmark BSE Sensex recovered by 226.10 points, or 0.93 per cent, to trade at 24,449.42 in early deals.

  1. No Comments.

Go to Top