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Rupee gains 12 paise to 67

Rupee gains 12 paise to 67.21 on fresh dollar selling

Mon May 14 2018

 

The rupee strengthened by 12 paise to 67.21 against the dollar in early trade due to fresh selling of the US currency by exporters and banks and a firm domestic equity market.

 

Forex dealers attributed the rupee’s rise to dollar’s weakness against other currencies overseas. However, the rupee’s gains were capped as the industrial output posted 4.4 per cent growth in March, the slowest in five months.

 

On Friday, the rupee had settled almost flat at 67.33 against the US currency in a highly volatile trade. Meanwhile, the benchmark BSE Sensex rose 37.19 points or 0.10 per cent to 35,572.98 in early trade

 

Source: https://www.thehindubusinessline.com/

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