Rupee gains 5 paise against dollar in early trade
Rupee is trading at 64.25 against the US dollar in early session today amid a higher opening of domestic equities.
![According to IFA Global, a forex and treasury solution firm, the Indian rupee is the third best performing Asian currencies this year, up 4.63 per cent in the March quarter, its best quarterly gains since September 2012. According to IFA Global, a forex and treasury solution firm, the Indian rupee is the third best performing Asian currencies this year, up 4.63 per cent in the March quarter, its best quarterly gains since September 2012.](https://s3.ap-southeast-1.amazonaws.com/images.asianage.com/images/aa-Cover-8uur7l16i5bjvttl3bfraa5f22-20170403012856.Medi.jpeg)
Robust foreign fund inflows supported the rupee but weakness in domestic equities in early trade capped the gains.
Mumbai: Extending its climb for the third day, the rupee appreciated by another 5 paise to 64.25 against the US dollar in early session today amid a higher opening of domestic equities.
Dealers said sustained 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 gave a more hawkish outlook.
Yesterday, the rupee had gained 3 paise to end at 64.30 against the US dollar on persistent selling of the American currency by exporters and also helped by a cooling inflation.
The benchmark Sensex rose 73.53 points, or 0.23 per cent, to 31,229.44 in early trade today.
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