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Indian rupee trims initial gains, still up 7 paise to 63.04 vs US dollar

The rupee gained another 11 paise to trade at 63.00 against the dollar in early morning session at the Interbank…

Indian Rupee, US dollar, Rupee to dollar, Rupee vs dollar, dollar rate, dollar rate today, Interbank Foreign Exchange, BSE Sensex

The rupee trimmed its early gains today, but was still trading higher by seven paise at 63.04 against the greenback on bouts of dollar selling by banks and exporters amid rallying equities.

The domestic unit resumed higher at 63.05 per dollar as against the yesterday’s closing level of 63.11 at the Interbank Foreign Exchange market.

It gained to trade at 62.99, before quoting 63.04 per dollar in late morning deals.

The surging equities are lifting the rupee sentiment, though strong dollar overseas is capping the gains, a dealer said.

In New York market, the US dollar ruled firm against the its major rivals in early trade.

Meanwhile, the benchmark BSE Sensex was trading higher by 317.83 points or 1.17 per cent to 27,444.40 in late morning trade.

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First published on: 19-12-2014 at 10:06 IST
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