Rupee rises 6 paise against US dollar in early trade
Extending its rising streak for the third day, the rupee appreciated by 6 paise against the US dollar to 68.60 in early trade today amid weakness in the greenback against other currencies overseas and rally in domestic equities.
By : migrator
Update: 2018-07-27 04:41 GMT
Mumbai
Selling of the American currency by exporters and banks and a higher opening in the domestic equity market boosted the rupee, forex dealers said.
The benchmark BSE Sensex rose by 288.22 points, or 0.77 per cent, to hit its all-time high of 37,272.86 and NSE Nifty too scaled a new peak of 11,237.45 in early trade today.
Yesterday, the rupee had gained 13 paise to close at a fresh one-week high of 68.66 against the US dollar as steady unwinding of the greenback by exporters and banks helped the local unit extend gains for the second day.
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