Rupee climbs 17 paise against dollar to 63.87

Selling of the US currency by exporters and banks amid a higher opening in domestic equities helped the rupee gain against dollar, dealers said.

By: PTI | Mumbai | Published: August 28, 2017 9:43:55 am
rupee, rupee today, rupee against dollar, rupee value, india market, business news The rupee had gained 8 paise to close at two-week high of 64.04 against the US currency on Thursday helped by dollar selling and firm stock markets.

The rupee strengthened 17 paise to 63.87 against the US dollar in early trade at the Interbank Foreign Exchange today. Selling of the US currency by exporters and banks amid a higher opening in domestic equities helped the rupee gain against dollar, dealers said.

The dollar’s weakness against some currencies overseas gave the local unit some lift. The rupee had gained 8 paise to close at two-week high of 64.04 against the US currency on Thursday helped by dollar selling and firm stock markets.

Forex market was closed on Friday for ‘Ganesh Chaturthi’. The benchmark Sensex was trading higher by 179 points, or 0.56 per cent, at 31,775.06 in early trade today.

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