Indian rupee gains 9 paise against US dollar after Moody’s positive India outlook

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Mumbai | Updated: April 9, 2015 10:09:49 AM

The rupee strengthened by nine paise at 62.15 against the US dollar in early trade today at the Interbank Foreign Exchange...

Indian Rupee, rupee gains, US dollar, Rupee to dollar, Rupee vs dollar, dollar rate, dollar rate today, Interbank Foreign Exchange, BSE SensexThe Indian rupee strengthened by nine paise at 62.15 against the US dollar. (AP)

The Indian rupee strengthened by nine paise at 62.15 against the US dollar in early trade today at the Interbank Foreign Exchange after rating agency Moody’s upgraded India’s outlook from stable to positive.

Besides, selling of the American currency by exporters and banks and a higher opening in domestic stock market supported the rupee but the dollar’s strength against other currencies overseas limited the gains, forex dealers said.

The rupee had ended marginally higher by two paise at 62.24 against the American currency in yesterday’s trade due to weakness of the Greenback in international markets.

Meanwhile, the benchmark BSE Sensex rose by 167.33 points, or 0.58 per cent, at 28,875.08 in early trade.

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