Indian rupee trims initial gains, still up by 4 paise vs US dollar

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Mumbai | Updated: June 16, 2015 12:52:39 PM

Indian rupee pulled back 9 paise to 64.07 against the US dollar in early trade today, snapping its three-day falling streak at the Interbank Foreign Exchange

Indian rupee vs US dollarIndian rupee pulled back 9 paise to 64.07 against the US dollar in early trade today, snapping its three-day falling streak at the Interbank Foreign Exchange. (PTI)

The Indian rupee trimmed its initial gains, but was still quoting higher by 4 paise at 64.12 against the American currency in late morning deals on bouts of dollar selling from banks and exporters.

The domestic unit opened higher at 64.05 from its previous close of 64.16 at the Interbank Foreign Exchange (Forex) market.

It was trading between 64.1275 per dollar and 64.05 per dollar in late morning deals, before quoting at 64.12 at 1045 hrs.

Globally, the US dollar was steady in early Asian trade with traders adopting a cautious stance as they wait for the outcome of the US Federal Reserve’s two-day policy meeting that takes place against the backdrop of a looming crisis in Greece.

Meanwhile in the stock markets, the BSE’s 30-scrip index, Sensex, was trading lower at 26,523.23, down 63.32 points, or 0.24 per cent.

 

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