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Rupee Appreciates 10 Paise Against Dollar to 64.49

The dollar's reduced clout overseas amid uncertainty about prospects of US tax cuts and domestic stock markets opening high were instrumental in the rupee's rise, traders said.

PTI

Updated:November 2, 2017, 9:58 AM IST
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Rupee Appreciates 10 Paise Against Dollar to 64.49
Indian Rupee. Image for representation only. (Reuters)
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Mumbai: The rupee advanced 10 paise to 64.49 against the dollar today as the US Federal Reserve held off on rates and kept the window open for a December hike.

Banks and exporters kept to dollar selling.

The dollar's reduced clout overseas amid uncertainty about prospects of US tax cuts and domestic stock markets opening high were instrumental in the rupee's rise, traders said.

On Wednesday, the rupee had surged a solid 16 paise to end at an over one-month high of 64.59 against the US currency following heavy dollar unwinding.

The benchmark Sensex was trading higher by 45.53 points, or 0.13 per cent, at 33,645.80 in the early session on Thursday.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
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