Rupee up 5 paise at 63.75 on fresh dollar selling

Mumbai, Aug 8:  

The rupee firmed up 5 paise to 63.75 against the US dollar in early trade on fresh selling of the American currency by exporters and banks amid a firm domestic equity market.

Besides, dollar’s weakness against some other currencies overseas and a strong domestic equity market supported the rupee, forex dealers said.

Yesterday, the rupee had retracted from its two-year high to close at 63.80, down 22 paise, after the four-day strong rally lost momentum on sharp recovery of the US currency.

Meanwhile, the benchmark BSE Sensex rose 70.10 points or 0.21 per cent to 32,343.77 in early trade.

(This article was published on August 8, 2017)

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