Rupee Spurts 18 Paise Against US Dollar in Early Trade
File Photo of a man carrying bundles of Indian currency. (Representative image)
Mumbai: The rupee strengthened by 18 paise to 66.84 against the dollar in early trade at the Interbank Foreign Exchange oN Thursday on selling of the US currency by exporters and banks amid foreign fund inflows.
A fall in dollar against major world currencies globally, after the US Federal Reserve decided against lifting interest rates, also helped the rupee gain strength, dealers said.
Besides, increased selling of the dollar by exporters and banks and a higher opening in the domestic equity market supported the rupee, they added.
On Wednesday, the rupee had closed almost flat at 67.02 against the American unit amid caution ahead of the US Federal Reserve policy decision.
Meanwhile, the benchmark BSE Sensex zoomed by 364.80 points, or 1.27 per cent, at 28,871.92 in early session on Thursday.
Recommended For You
- Porter's Son Thangarasu Natarajan: From Tennis Ball Star to IPL Big Bucks
- Moto 3rd Anniversary Sale on Flipkart: Huge Discounts on Moto Z, Moto M and More
- Man Purposely Damages Tesla Model S to Save a Life, Gets Compensation
- News18 Movie Awards 2017: Nominees For Best Singer (Male)
- Top T20I Bowler Imran Tahir Has No Takers in IPL Auction