Indian rupee firms up by 4 paise to 67.29 against in early trade

By: |
Mumbai | Updated: May 26, 2016 10:45 AM

The Indian rupee firmed up against dollar on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Indian rupee vs US dollarThe Indian rupee firmed up against dollar on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market. (Photo: AP)

The Indian rupee firmed up by 4 paise to 67.29 against the dollar in early trade on Thursday on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Forex dealers said weakness in the dollar against other currencies overseas supported the rupee.

Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.

On Wednesday, the domestic unit rebounded from its 2-1/2 month low with an impressive 42-paise gain to close at 67.33 – its sharpest single-day jump in over two months.

Meanwhile, the benchmark BSE Sensex rose 187.44 points, or 0.72 per cent, to 26,068.61, in early session on Thursday.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Q1 Performance: ICICI Bank net profit surges 78% to Rs 4,616 crore
2IndusInd Bank to raise up to Rs 30,000 cr via equity, debt
3Lower provisions lead ICICI Bank to post 52% jump in Q1 profit; retail asset stress increases