Rupee recovers 11 paise in early trade

By: |
Mumbai | Updated: Dec 21, 2016 11:11 AM

The rupee recovered by 11 paise to 67.92 against the US dollar in opening trade today at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks amidst higher opening in the domestic equity market.

Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee. (Reuters)Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee. (Reuters)

The rupee recovered by 11 paise to 67.92 against the US dollar in opening trade today at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks amidst higher opening in the domestic equity market.

Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee.

You may also like to watch

Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.

Yesterday, the rupee fell by 16 paise to hit a two-week low of 68.03 against the American currency, following a sudden rise in the dollar’s value against other global currencies.

Meanwhile, the benchmark BSE Sensex was trading higher by 86.16 points, or 0.32 per cent, at 26,394.14 in early trade today.

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
1Analyst Corner: Upgrade Astral to ‘buy’ with revised TP of Rs 1,663
2Analyst Corner: Wipro: Maintain ‘buy’ with unchanged TP of Rs 550
3Traders call off raisin auctions in Maharashtra