1. Indian Rupee adds to gains, up 5 paise against dollar

Indian Rupee adds to gains, up 5 paise against dollar

Extending gains for the fourth session, the indian rupee appreciated by another 5 paise to 68.29 against the US dollar in early trade today on continued selling of the American currency by banks and exporters.

By: | Mumbai | Published: December 2, 2016 10:02 AM
rupee Forex dealers said the dollar’s weakness against some currencies overseas led to the rupee upmove.

Extending gains for the fourth session, the indian rupee appreciated by another 5 paise to 68.29 against the US dollar in early trade today on continued selling of the American currency by banks and exporters. Forex dealers said the dollar’s weakness against some currencies overseas led to the rupee upmove.

However, a weak opening in domestic equity market restricted the gains in rupee, they said.

Yesterday, the domestic currency had gained 4 paise to end at one-week high of 68.34 against the resurgent dollar following robust macro-economic data even as crude prices jumped after the historic OPEC deal.

Meanwhile, the benchmark BSE Sensex plunged 199.97 points, or 0.75 per cent, to 26,359.95 in early trade. 

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