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  Business   Market  22 Nov 2017  Rupee strengthens 14 paise against US dollar

Rupee strengthens 14 paise against US dollar

PTI
Published : Nov 22, 2017, 9:59 am IST
Updated : Nov 22, 2017, 9:59 am IST

Stock markets continued to show strength that bolstered rupee sentiment, currency traders said.

The rupee climbed 14 paise to 64.75 against the US currency on Wednesday. (File Photo)
 The rupee climbed 14 paise to 64.75 against the US currency on Wednesday. (File Photo)

Mumbai: The rupee climbed 14 paise to 64.75 against the US currency on Wednesday, spurred by positive equities.

Banks and exporters chose to kept an arm's length from the dollar.

Stock markets continued to show strength that bolstered rupee sentiment, currency traders said. However, the dollar's clout overseas weighed heavy on the domestic unit.

On Tuesday, the rupee had gained 22 paise to end at a two-week high of 64.89 against the dollar, cashing in on positive sentiment after Moody's upgrade of India's credit rating.

Meanwhile, the benchmark BSE Sensex rallied 111.64 points, or 0.33 per cent, to 33,589.99 in early trade.

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