Rupee up 7 paise at 64.03 on dollar selling, FII inflows

Mumbai, Sept 7:  

The rupee appreciated by 7 paise to 64.03 against the US currency today on dollar selling by banks and exporters and foreign fund inflows.

According to forex dealers, the dollar’s slide against some currencies overseas and a firm domestic equity market supported the rupee.

According to provisional data, FPIs had turned net buyers in equity and debt markets yesterday after two days of selling which supported the rupee. They had invested Rs 272.03 crore on a net basis yesterday.

Yesterday, the domestic currency rose marginally by 2 paise to 64.10 against the dollar even as geopolitical worries continued to cast shadow over forex trading.

The benchmark BSE Sensex rose 114.94 points, or 0.36 per cent, to 31,776.91 in the early trade.

(This article was published on September 7, 2017)

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