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  Business   Market  15 Nov 2017  Rupee firms up 8 paise against US dollar in early trade

Rupee firms up 8 paise against US dollar in early trade

PTI
Published : Nov 15, 2017, 10:28 am IST
Updated : Nov 15, 2017, 10:28 am IST

Forex dealers said fresh inflow of foreign funds and weakness in the dollar against other currencies overseas supported the rupee.

The rupee edged up 8 paise to 65.34 against the dollar in opening trade on Wednesday. (File Photo)
 The rupee edged up 8 paise to 65.34 against the dollar in opening trade on Wednesday. (File Photo)

Mumbai: The rupee edged up 8 paise to 65.34 against the dollar in opening trade on Wednesday on fresh selling of the US currency by exporters.

Forex dealers said fresh inflow of foreign funds and weakness in the dollar against other currencies overseas supported the rupee.

However, a lower opening of domestic equities and a widening trade deficit to almost a three-year high capped the gains.

On Tuesday, the rupee had ended flat to close at 65.42 against the US currency due to fag-end demand for the greenback amid ballooning trade deficit.

Meanwhile, the benchmark BSE Sensex fell by 113 points, or 0.34 per cent, at 32,828.87 in early session on Wednesday.

Tags: indian rupee, rupee against us dollar, us dollar
Location: India, Maharashtra, Mumbai (Bombay)