Indian rupee strengthened by 15 paise to 62.05 against the US dollar in early trade today at the Interbank Foreign Exchange on increased foreign capital inflows.
Forex dealers said besides the dollar’s weakness against other currencies overseas, a higher opening in domestic stock market, supported the rupee.
The rupee had ended 11 paise higher at 62.20 against the US currency in yesterday’s trade on increased selling of the American unit.
PSBs’ fresh slippages to be lower than private banks: Analysts
Modi 3.0 legislative plan: Financial registry, composite insurance, IBC changes on 100-day agenda
SBI approaches RBI to cap NBFC lender base
RBI will not exchange Rs 2,000 note on April 1, 2024
Meanwhile, the benchmark BSE Sensex rose 228.67 points, or 0.79 per cent, at 29,233.33 in early trade.
