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Wednesday, July 18, 2018

Rupee up 3 paise against dollar in early trade

Forex dealers said a higher opening in the domestic equity market and a weakening dollar against some currencies overseas made the rupee stronger.

By: PTI | Mumbai | Published: July 7, 2016 9:57:26 am
rupee fall, rupee against dollar, rupee dollar, dollar demand, dollar against rupee, Indian currency rate falls, India rupee rate, Indian economy, business market, latest news, Indian rupees, Indian Rupees drops against dollar, indian currency rate, rupee rate, business news, currency market, business market, stock exchange, latest news The rupee recovered marginally by 3 paise to 67.42 against the dollar in early trade today.

The rupee recovered marginally by 3 paise to 67.42 against the dollar in early trade today at the forex market on fresh selling of the US currency by banks and exporters amid foreign fund inflows.

Forex dealers said a higher opening in the domestic equity market and a weakening dollar against some currencies overseas made the rupee stronger.

The rupee had dropped 18 paise to close at 67.45 on Tuesday on fresh dollar demand from banks and importers on the back of a higher greenback overseas amid a fall in equities.

The forex market remained closed yesterday on account of Eid-Ul-Fitr.

Meanwhile, the benchmark BSE Sensex rose 43.10 points, or 0.15 per cent, to 27,209.97 in early trade today.

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