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Rupee Recovers to 64.55 on Fresh Dollar Selling

Date 19-Apr-2017
Subject Rupee Recovers to 64.55 on Fresh Dollar Selling

MUMBAI, APRIL 19: The rupee recovered by 8 paise to 64.55 against the dollar on fresh selling of the US currency amid a strong domestic equity market.

According to forex dealers, a weak dollar overseas also supported the rupee.

Meanwhile, the dollar index fell to a near three-week low on disappointing US housing starts data.

Yesterday, the rupee had lost 11 paise to close at 64.63 on dollar demand from importers as growing geopolitical unrest hastened the flight to safety.

The benchmark BSE Sensex rose 54.45 points, or 0.18 per cent, to 29,373.55 in opening trade.

Source: Thehindubusinessline.com

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