Rupee up 3 paise against dollar in early trade

Forex dealers said that a higher opening in domestic equity market and a weak dollar against yen and other currencies overseas supported the rupee.

By: PTI | Mumbai | Published:September 21, 2016 10:41 am
rupee, rupee value, rupee india, rupee deprciation, rupee value, rupee market value, Rupee, US Dollar, sensex, marjket, BSE, Forex, macro economics, currency value, Rupee value, foreign exchange market, economy, business and finance, business news The rupee had depreciated by 5 paise to end at 67.01 against the American currency in Tuesday’s trade.

Rupee edged higher by 3 paise to 66.98 against the dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the US currency by banks and exporters.

Forex dealers said that a higher opening in domestic equity market and a weak dollar against yen and other currencies overseas supported the rupee.

The rupee had depreciated by 5 paise to end at 67.01 against the American currency in Tuesday’s trade amid uncertainty over the Fed rate-hike action scheduled for later in the day.

Meanwhile, the benchmark BSE Sensex recovered 44.02 points or 0.15 per cent to 28,567.22 in early trade.