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  Business   Economy  21 Jul 2017  Rupee strengthens by 8 paise against US dollar

Rupee strengthens by 8 paise against US dollar

PTI
Published : Jul 21, 2017, 9:54 am IST
Updated : Jul 21, 2017, 9:54 am IST

On Thursday, rupee had lost 15 paise to close at 64.43 a dollar on back of fresh demand for dollar.

The rupee strengthened 8 paise to 64.35 against the dollar on Friday.
 The rupee strengthened 8 paise to 64.35 against the dollar on Friday.

Mumbai: The rupee strengthened 8 paise to 64.35 against the dollar on Friday on heightened selling of the US currency by exporters and banks, with stronger domestic stocks providing support.

The dollar hit a nearly two-year low against the euro after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn.

A higher opening in the domestic equity market contributed to the upside.

On Thursday, the rupee had lost 15 paise to close at 64.43 a dollar on the back of fresh demand for the American currency from importers and banks.

Meanwhile, the benchmark Sensex rose 131.48 points, or 0.41 per cent, to 32,035.88 in early session on Friday.

Tags: rupee, us dollar, forex, stock market, sensex
Location: India, Maharashtra, Mumbai (Bombay)