Rupee gains 7 paise against dollar in early trade
The rupee recovered by 7 paise to trade at 64.61 against the dollar in early session at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks.
By : migrator
Update: 2017-11-07 05:00 GMT
Mumbai
Forex dealers said fresh foreign fund inflows and weakness in the dollar against a few currencies overseas supported to the rupee.
Stocks hitting another record high in early trade also influenced the rupee uptrend, they added.
Yesterday, the rupee had slipped from the six-week high level to close at 64.68 a dollar, down 13 paise on fresh demand for the American currency from banks and importers.
Meanwhile, the benchmark BSE Sensex advanced 122.44 points, or 0.36 per cent to hit all-time high of 33,853.63, breaching its previous intra-day record of 33,848.42 reached yesterday.
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