Monday, Jun 18, 2018 | Last Update : 03:42 AM IST

Rupee jumps 8 paise against dollar in early trade

PTI
Published : Jun 14, 2018, 9:35 am IST
Updated : Jun 14, 2018, 9:34 am IST

Rupee is trading at 67.57 against the US dollar in early session on Thursday after the American currency weakened overseas.

A fresh selling of the greenback by banks and exporters backed up the rupee.
 A fresh selling of the greenback by banks and exporters backed up the rupee.

Mumbai: The rupee appreciated by 8 paise to 67.57 against the US dollar in early session on Thursday after the American currency weakened overseas.

Dealers said fresh selling of the greenback by banks and exporters backed up the rupee.

The dollar turned weak against other currencies overseas even after the US Federal Reserve lifted interest rates and signalled two more hikes this year and four in 2019.

On Wednesday, the domestic unit ended 16 paise down to close at a near one-week low of 67.65 against the US currency on sustained dollar demand.

The benchmark Sensex dropped by 126.09 points, or 0.35 per cent, to 35,613.07 in early trade on Thursday. 

Tags: rupee, dollar, american currency, indian currency
Location: India, Maharashtra, Mumbai (Bombay)