Rupee strengthens to 65.49 on sustained dollar selling

  • 01-Oct-2015
  • Rupee strengthens to 65.49 on sustained dollar selling

MUMBAI, OCT 1: The rupee appreciated by 9 paise to 65.49 against the dollar in early trade on sustained selling of the American currency by exporters and banks amid increased foreign fund inflows.

Forex dealers said firm domestic equity market supported the rupee, but the dollar’s strength against other currencies overseas capped the gains.

Yesterday, the rupee had surged to its highest level in five weeks to end at 65.58 by gaining 38 paise against the US currency as exporters and banks stepped up dollar sales amid aggressive policy measures from RBI.

Meanwhile, the benchmark BSE Sensex rose 189.36 points or 0.72 to 26,344.19 in early trade.

Source : thehindubusinessline.com

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