Journalism of Courage
The rupee gains 17 paise to 61.84 against the dollar in early trade today at the Interbank Foreign Exchange market on selling of the US currency by exporters ahead of the RBI’s policy review.
The rupee had lost 28 paise to close at 62.01 against the dollar in yesterday’s trade on possibility of interest rate hike by the RBI and some hints of tapering from US Federal Reserve.
Besides,a higher opening in the domestic equity market also supported the rupee.
Meanwhile,the benchmark BSE Sensex rose by 58.20 points,or 0.28 per cent,to 20,670.34 in early trade.
