Rupee up 3 paise against dollar as exporters, banks sell

Jul 14 2014, 09:59 IST
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Rupee is seen moving in a 59.70 to 60.50 range against dollar during Monday's session. Rupee is seen moving in a 59.70 to 60.50 range against dollar during Monday's session.
SummaryThe rupee strengthened by three paise to 59.90 against the US dollar..

The rupee strengthened by three paise to 59.90 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters and banks.

Besides, a higher opening in the domestic equity market also supported the rupee but the dollar's gains against other currencies overseas capped the rise, forex dealers said.

The rupee bounced back by 26 paise to end at 59.93 against the American currency on Friday as exporters and some banks sold dollars.

Meanwhile, the benchmark BSE Sensex recovered by 71.41 points, or 0.28 per cent, to 25,095.76 in opening trade today.

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