Rupee recovers by 17 paise to 63.96 on fresh dollar selling

Mumbai, Aug 14:  

Reversing its three-day downward trend, the rupee recovered by 17 paise to 63.96 against the US dollar in early trade on fresh selling of the American currency by exporters.

Besides, the dollar’s weakness against some currencies overseas and early gains in the domestic equity market supported the rupee.

The rupee had lost 5 paise to close 64.13 against the US currency on Friday due to sustained demand for the American currency from importers and corporates.

Meanwhile, the benchmark BSE Sensex jumped 190.65 points or 0.61 per cent to 31,404.24 in opening trade.

(This article was published on August 14, 2017)

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