Indian rupee up 2 paise against US dollar in early trade

Sep 04 2014, 10:26 IST
Comments 0
The rupee had closed 19 paise higher at 60.49 against the dollar in yesterday's trade. Reuters The rupee had closed 19 paise higher at 60.49 against the dollar in yesterday's trade. Reuters
SummaryThe Indian rupee strengthened by two paise to 60.47 against the dollar in early trade.

The Indian rupee strengthened by two paise to 60.47 against the dollar in early trade today at the Interbank Foreign Exchange market on sustained foreign funds inflow amid increased selling of the American currency by exporters and banks.

The rupee had closed 19 paise higher at 60.49 against the dollar in yesterday's trade on weakening of the US currency amid reports of Russia and Ukraine agreeing to a ceasefire and continuing rise in local equities and sustained foreign funds inflows.

Full Coverage: Indian rupee vs US dollar, others

Forex dealers said increased selling of the American currency by exporters and banks supported the rupee but a lower opening of the domestic equity market and dollar's rise against other currencies overseas restricted the gains.

Meanwhile, the benchmark BSE Sensex fell by 74.28 points, or 0.27 per cent, to 27,065.66 in early trade today.

Ads by Google

More from BANKING & FINANCE

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...