Don’t miss the latest developments in business and finance.

Rupee pushes up 14 paise on dollar's global weakness

Image
Press Trust of India Mumbai
Last Updated : Aug 01 2017 | 9:48 AM IST
The rupee firmed up by 14 paise to 64.05 against the US dollar today as exporters and banks intensified selling of the American currency.
Dealers said the dollar's weakness against other currencies overseas -- except the Japanese yen -- and a stronger opening in the domestic stock market gave the rupee strength.
Yesterday, the rupee had ended 4 paise lower at 64.19, the second straight session loss against the US currency, owing to bouts of month-end dollar demand from importers and corporates.
Meanwhile, the benchmark Nifty touched a new high of 10,101.05 and the Sensex climbed 100.51 points, or 0.30 per cent, to 32,615.45 in opening trade.

Also Read

First Published: Aug 01 2017 | 9:48 AM IST

Next Story