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  Business   Market  17 Jul 2017  Rupee strengthens 11 paise against US dollar

Rupee strengthens 11 paise against US dollar

PTI
Published : Jul 17, 2017, 10:06 am IST
Updated : Jul 17, 2017, 10:06 am IST

On Friday, rupee had ended flat at 64.45 against dollar in an otherwise quiet and range-bound trade.

The rupee strengthened 11 paise to trade at 64.34 against the US dollar on Monday morning.
 The rupee strengthened 11 paise to trade at 64.34 against the US dollar on Monday morning.

Mumbai: The rupee strengthened 11 paise to trade at 64.34 against the US dollar in the morning session on Monday, riding on higher foreign funds inflows. 

The domestic currency received a boost from fresh selling of the American unit by exporters and banks amid a better opening in domestic equities. 

However, a strong dollar overseas squeezed the rupee's gains, traders added. 

On Friday, the rupee had ended flat at 64.45 against the US currency in an otherwise quiet and range-bound trade amid weaker dollar sentiment overseas. 

The benchmark Sensex rose 73.69 points, or 0.23 per cent, to 32,094.44 points in early trade today.

Tags: rupee, dollar, forex, sensex, domestic currency
Location: India, Maharashtra, Mumbai (Bombay)