Rupee up 6 paise at 59.27 against US dollar

Jun 05 2014, 09:44 IST
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Indian rupee edged higher on Wednesday on foreign fund inflows into debt and equity. Indian rupee edged higher on Wednesday on foreign fund inflows into debt and equity.
SummaryRupee has gained more than 4 pct ercent so far this year on the back of foreign flows in anticipation of Narendra Modi's win in general elections

The rupee appreciated by 6 paise to 59.27 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.

Besides, a higher opening in the domestic equity market and gains in other Asian currencies against the dollar also supported the rupee.

The rupee had closed five paise higher at 59.33 yesterday on fag-end dollar selling by banks and exporters on hopes of good foreign capital inflows into equities.

Meanwhile, the benchmark BSE Sensex rose by 25.96 points, or 0.10 per cent, to 24,831.79.

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