Rupee rebounds 5 paise in early trade

March 23, 2017 09:51 am | Updated 09:52 am IST - Mumbai:

The rupee strengthened by 5 paise to 65.39 per dollar in early trade on Thursday on some selling of the US currency by exporters and banks.

Stock markets opening with gains also boosted the domestic currency, dealers said.

The rupee had lost 14 paise to close at 65.44 per dollar on fresh dollar demand from importers.

In global trade, the US dollar had strengthened against major world currencies with the dollar index inching up by 0.08 per cent against a basket of currencies on Wednesday.

Meanwhile, the benchmark BSE Sensex recovered 147.50 points, or 0.50 per cent, to 29,315.18 points in early trade on Thursday.

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.