Rupee up 13 paise against dollar in early trade

May 06, 2015 10:01 am | Updated 10:01 am IST - Mumbai

NEW DELHI, 22/05/2012: As the rupee crashed past the mark of 55 to the dollar to a new closing low, calls have increased for special foreign exchange bonds to be sold by the government to stem the seemingly inexorable slide in the Indian currency after the limited impact that Reserve Bank of India (RBI) measures have had thus far on propping it up.  Photo: V.V. Krishnan

NEW DELHI, 22/05/2012: As the rupee crashed past the mark of 55 to the dollar to a new closing low, calls have increased for special foreign exchange bonds to be sold by the government to stem the seemingly inexorable slide in the Indian currency after the limited impact that Reserve Bank of India (RBI) measures have had thus far on propping it up. Photo: V.V. Krishnan

The rupee strengthened by 13 paise to 63.31 against the US dollar in the early trade on Wednesday on fresh selling of the American currency by exporters.

Forex dealers said besides fresh selling of the American currency by exporters, dollar’s weakness against other currencies after a US data showed a sharp rise in the trade deficit, supported the rupee at Interbank Foreign Exchange.

They said, however, a lower opening in the domestic equity markets capped the gains.

The local currency had shed 2 paise to close at 63.44 Tuesday’s on persistent dollar demand from banks and importers.

Meanwhile, the benchmark BSE Sensex fell by 82.54 points or 0.30 per cent to 27,357.60 in early trade.

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