Rupee gains 16 paise against dollar in early trade

On Thursday, the domestic unit ended below the psychological 67-mark, falling 13 paise to hit over two-week low of 67.02.

By: PTI | Mumbai | Published:September 16, 2016 10:32 am
rupee, paisa, indian rupee, rupee vs dollar, rupee and us dollar, rupee vs us dollar, rupee goes up, rupee rate, business news Forex dealers said weakness in the dollar against other currencies overseas supported the rupee.

The rupee firmed up 16 paise to 66.86 against the dollar in early trade on Friday on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Forex dealers said weakness in the dollar against other currencies overseas supported the rupee.

Further, foreign fund inflows and a higher opening in the domestic equity market gave the uptrend some momentum, they added.

On Thursday, the domestic unit ended below the psychological 67-mark, falling 13 paise to hit over two-week low of 67.02.

Meanwhile, the benchmark BSE Sensex rose 258.59 points or 0.91 per cent to 28,671.48 in early session on Friday.