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Rupee Gains 11 Paise Against Dollar, Stocks Play Anchor

The rupee advanced by 11 paise to 64.32 against the US dollar on Monday as selling of the American currency by exporters and banks paced up.

PTI

Updated:June 19, 2017, 9:47 AM IST
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Rupee Gains 11 Paise Against Dollar, Stocks Play Anchor
Representative image. (PTI Photo)
Mumbai: The rupee advanced by 11 paise to 64.32 against the US dollar on Monday as selling of the American currency by exporters and banks paced up.

What also made the domestic unit come good was a higher opening of stocks. But the dollar held up against the yen and other currencies overseas, which limited the rupee's upmove.

On Friday, the rupee had closed higher by 10 paise at 64.43 against the US dollar, taking cues from encouraging export numbers for May.

Meanwhile, the benchmark BSE Sensex bounced 146.23 points, or 0.47 per cent, to 31,202.63 in early trade.

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