 "Rupee rises 15 paise at 65.49")
Snapping its two-day losing streak, the rupee recovered by 15 paise at 65.49 against the US dollar today on fresh selling of the American currency by banks and exporters despite a higher greenback in overseas markets.
The domestic currency opened higher at 65.56 as against yesterday's closing level of 65.64 at the Interbank Foreign Exchange (Forex) market and firmed up further to 65.46 before ending at 65.49, showing a gain of 15 paise or 0.23%.
The rupee had dropped 37 paise or 0.57% in the previous two days.
The dollar index traded higher by 0.26% against a basket of six currencies in late afternoon trade.
In the global market, the dollar rose against the euro and the yen today, driven by higher US Treasury yields which rose on expectations that the Federal Reserve will increase interest rates in December.
The US government bond yields rose to their highest levels in nearly seven weeks yesterday as investors have been lightening up on their bond holdings following the Fed's signal a week ago that a rate increase before the end of this year remains on the table.
Meanwhile, the benchmark BSE Sensex fell by 37.67 points, or 0.14%, to settle at 26,552.92.
The domestic currency opened higher at 65.56 as against yesterday's closing level of 65.64 at the Interbank Foreign Exchange (Forex) market and firmed up further to 65.46 before ending at 65.49, showing a gain of 15 paise or 0.23%.
The rupee had dropped 37 paise or 0.57% in the previous two days.
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It moved in a range of 65.46 and 65.62 per dollar today.
The dollar index traded higher by 0.26% against a basket of six currencies in late afternoon trade.
In the global market, the dollar rose against the euro and the yen today, driven by higher US Treasury yields which rose on expectations that the Federal Reserve will increase interest rates in December.
The US government bond yields rose to their highest levels in nearly seven weeks yesterday as investors have been lightening up on their bond holdings following the Fed's signal a week ago that a rate increase before the end of this year remains on the table.
Meanwhile, the benchmark BSE Sensex fell by 37.67 points, or 0.14%, to settle at 26,552.92.