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Rupee up 12 Paise Against Dollar at 64.26

Further, a higher opening in the domestic equity market added to the rupee upmove, they added.

PTI

Updated:May 12, 2017, 9:55 AM IST
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Rupee up 12 Paise Against Dollar at 64.26
Representative image. (PTI Photo)
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Mumbai: The rupee advanced 12 paise to 64.26 against the US dollar in early trade at the Interbank Foreign Exchange on Friday increased selling of the greenback by benks and exporters besides a sustained foreign fund inflow.

Forex dealers said that apart from heavy selling by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee.

Further, a higher opening in the domestic equity market added to the rupee upmove, they added.

On Thursday, scripting its biggest single-day gain in four weeks, the rupee had rallied by 25 paise to close at 64.38 a dollar on heavy selling of the US currency.

The forex market also took inspiration from domestic equities' record-setting spree. Meanwhile, the benchmark BSE Sensex rose 48.76 points, or 0.16 per cent, to 30,299.74 in early trade.

(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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