Rupee gains 14 paise against US dollar in early trade

10 April 2018, 11:22 AM
Rupee gains 14 paise against US dollar in early trade (Representative Photo)
Rupee gains 14 paise against US dollar in early trade (Representative Photo)

The rupee on Tuesday rose 14 paise to 64.88 against the US dollar in early trade at the forex market on increased selling of the greenback by exporters and banks.

Also, a higher opening of domestic equities supported the rupee, but the dollar's recovery against some currencies overseas, restricted the local unit's up move, forex dealers said.

On Monday, the rupee had retreated from its one-month high to close 5 paise lower at 65.02 against the US currency on fresh bouts of dollar demand from importers and corporate investors amid forex outflows.

Also Read | Sensex rises over 100 points on firm global cues, Nifty tops 10,400

Meanwhile, benchmark BSE Sensex rose 130.31 points, or 0.38 per cent, to 33,918.85 in early trade on Tuesday.

First Published: Tuesday, April 10, 2018 10:31 AM
For all the latest Business News Download the News Nation App available on Android and iOS.