Thursday, Mar 28, 2024 | Last Update : 03:57 PM IST

  Business   Market  01 Feb 2017  Rupee up 24 paise against US dollar in early trade

Rupee up 24 paise against US dollar in early trade

PTI
Published : Feb 1, 2017, 9:57 am IST
Updated : Feb 1, 2017, 9:57 am IST

A higher opening in the domestic equity market provided some support.

Rupee is trading 67.63 against the dollar early trade.
 Rupee is trading 67.63 against the dollar early trade.

Mumbai: Hitting a positive note for the sixth session, the rupee today strengthened by another 24 paise to 67.63 against the dollar early on after banks and exporters continued to cut back on the US currency.

Dealers said dollar's weakness against a basket of other currencies overseas gave the domestic currency more muscle.

Moreover, a higher opening in the domestic equity market provided some support.

The rupee had gained 8 paise to close at one-month high of 67.87 against the US currency yesterday on sustained selling of the dollar by exporters and banks ahead of the Union budget to be presented today.

Meanwhile, the benchmark BSE Sensex rose 64.15 points, or 0.23 per cent, to 27,720.11 in early deals.

Tags: rupee, dollar, domestic equity market
Location: India, Maharashtra, Mumbai (Bombay)