Rupee Strengthens to 68.05

17-Jan-2017
Rupee Strengthens to 68.05

MUMBAI, JAN 17: The rupee strengthened by 5 paise to 68.05 against the dollar in early trade at the Interbank Foreign Exchange market today on increased selling of the US currency by exporters and banks amid a firm domestic equity market.

Forex dealers said besides selling of the American greenback by exporters and banks, dollar’s weakness against other currencies overseas supported the rupee.

Further, a firm domestic equity market influenced the rupee uptrend, they added.

On Monday, the rupee had staged a mild recovery by gaining 6 paise to close at 68.10 on fresh dollar selling by banks and encouraging macro-economic data.

Meanwhile, the benchmark BSE Sensex rose 72.30 points, or 0.26 per cent, at 27,360.47 in early trade.

Source: Thehindubusinessline.com

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