[Mumbai] Indian Rupee Recovers by 31 Paise Against U S Dollar in early trade
Indian rupee recovered by 31 paise to 67.76 against U S dollar in early trade today, snapping the three-day falling streak on fresh selling of the US currency by banks and exporters.
The rupee had lost 9 paise to close at 68.07 in yesterday’s trade on sustained demand for the US currency from banks and importers amid falling crude prices and foreign capital outflows.
Meanwhile, the benchmark BSE Sensex recovered by 226.10 points, or 0.93 per cent, to trade at 24,449.42 in early deals.
Tag: US Dollar
Indian Rupee Recovers by 31 Paise Against U S Dollar in Early Trade
US Dollar Walks Behind Indian Rupee in Early Trade
[Mumbai] US Dollar Walks Behind Indian Rupee in Early Trade.Indian Rupee Has Shown Recovery In Early Trade
The rupee recovered from a two-week low by rising 15 paise to 66.46 against the dollar at the Interbank Foreign Exchange in early trade today on fresh selling of the US currency by banks and exporters.
Dealers said fresh selling of the American unit by exporters and banks supported the domestic currency but dollar’s strength against other currencies overseas, capped the rupee’s gain.
Rebound in domestic stock markets also helped rupee to strengthen against the dollar,
The rupee had plunged by 47 paise to settle at two-week low of 66.61 against the American currency yesterday on heavy demand for the greenback from importers and banks largely impacted by global economic and political headwinds.
Weakening of American Dollar Strengthens Indian Rupee
[Mumbai]Weakening of American Dollar Strengthens Indian Rupee
Rupee recovered 8 paise against US dollar in early trade.
As per Market Experts ,Fresh selling of the US currency by exporters and banks as well as weakening of dollar against other currencies overseas supported the Indian currency
The rupee recovered by 8 paise to 66.74 against the dollar at the Interbank Foreign Exchange in early trade today, snapping its three-day losing streak on fresh selling of the US currency by banks and exporters.
.Recovery in domestic stock markets also helped rupee strengthen against the dollar
The rupee had plunged by 36 paise to settle at two-year low of 66.82 against the American currency yesterday on persistent dollar demand from banks and importers due to sustained foreign capital outflows.
Meanwhile, the benchmark BSE Sensex today regained the 25,000-mark by rebounding 118.37 points or 0.47 per cent to trade at 25,012.18 in opening trade.
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