Rupee Strengthens to 64.25 on Sustained Dollar Selling

15-Jun-2017
Rupee Strengthens to 64.25 on Sustained Dollar Selling

MUMBAI, JUNE 15: The rupee was trading a tad strong at 64.28 on sustained selling of the greenback by banks and exporters.

Dollar turned weak against other currencies overseas even after the US Federal Reserve lifted interest rates and gave a more hawkish outlook.

The domestic unit opened up by 4 paise at 64.26 at the Interbank Foreign Exchange market today. It hovered in a range of 64.32 and 64.25 before quoting at 64.28, up 2 paise at 11.05 am local time.

Yesterday, the rupee had gained 3 paise to end at 64.30 against the US dollar on persistent selling of the American currency by exporters and also helped by a cooling inflation.

The benchmark Sensex rose 73.53 points or 0.23 per cent to 31,229.44 in early trade.

Source: Thehindubusinessline.com

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