Rupee gains 11 paise, stocks play anchor

June 19, 2017 09:56 am | Updated 09:58 am IST - Mumbai

 

The rupee advanced by 11 paise to 64.32 against the US dollar Aon 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.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.