Rupee stretches gains, reaches 17.39 vs dirham

 

Rupee stretches gains, reaches 17.39 vs dirham

Mumbai - A higher opening of the domestic equity market rendered support to the rupee

By PTI

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Published: Wed 23 Aug 2017, 11:27 AM

Last updated: Wed 23 Aug 2017, 1:31 PM

The rupee firmed up by 5 paise to 64.05 against the US dollar (17.39 against UAE dirham)in early trade today on sustained selling of the American currency by banks and exporters.
Forex dealers said besides continued selling of the greenback, weakness in dollar against other currencies overseas and a higher opening of the domestic equity market rendered support to the rupee.

Yesterday, the rupee had closed 4 paise higher at near two-week high of 64.10 against the US currency.
Meanwhile, the benchmark BSE Sensex rose by 149.01 points, or 0.47 per cent, to 31,440.86 in opening trade.


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