Rupee up 10 Paise at 64.34 on Increased Dollar Selling

25-Apr-2017
Rupee up 10 Paise at 64.34 on Increased Dollar Selling

MUMBAI, APRIL 25: The rupee strengthened by 10 paise to 64.34 against the US dollar in early trade on increased selling of the American currency by banks and exporters.

Forex dealers said that apart from sustained selling of the greenback by banks and exporters, a firm equity market supported the rupee sentiment at the Interbank Foreign Exchange market today.

However, the US dollar’s strength against other currencies overseas capped the rupee’s gain, they added.

Yesterday, the rupee had closed at a nearly two-week high of 64.44, up 17 paise against the US currency on heavy selling of the dollar by exporters.

Source: Thehindubusinessline.com

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