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  Business   Market  18 Jan 2018  Rupee up 5 paise against dollar in early trade

Rupee up 5 paise against dollar in early trade

PTI
Published : Jan 18, 2018, 9:43 am IST
Updated : Jan 18, 2018, 9:43 am IST

Rupee is trading at at 63.83 against dollar at Interbank forex market on sustained foreign capital inflows.

Domestic equity markets soaring to new highs and the dollar losing sheen against some other currencies overseas also supported the local unit.
 Domestic equity markets soaring to new highs and the dollar losing sheen against some other currencies overseas also supported the local unit.

Mumbai: The rupee strengthened by 5 paise to trade at 63.83 against the dollar at the Interbank forex market on Thursday on sustained foreign capital inflows.

Besides, domestic equity markets soaring to new highs and the dollar losing sheen against some other currencies overseas also supported the local unit, traders said.

On Wednesday, the rupee had rebounded by 16 paise to end at 63.88 against the US currency on bouts of dollar selling by exporters and banks.

Meanwhile, the benchmark BSE Sensex spurted by 394.88 points, or 1.12 per cent to trade at a new peak of 35,476.70 in opening trade.

Foreign investors put in Rs 625.13 crore on net basis in stocks yesterday, according to the exchange data.

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