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Rupee up 5 paise to 64

Rupee up 5 paise to 64.54/$

Wed July 12 2017


The rupee on Wednesday recovered five paise to close at 64.54 against the US currency on fresh dollar selling by banks and exporters. A bearish greenback tone overseas largely aided the rupee recovery. The rupee had fallen six paise on Tuesday.


A spectacular bull-run in the stock market along with robust capital flows further brightened the rupee sentiment, forex dealers said.


The rupee opened a tad weak at 64.61 at the Interbank Foreign Exchange market today. It hovered in a range of 64.61 and 64.48 before ending at 64.54, up 5 paise.


Yesterday, the rupee had retreated from a two-week high against the US currency and ended lower by 6 paise at 64.59 on fresh bouts of dollar demand amid a Fed rate hike buzz.


Meanwhile, the benchmark BSE index closed up 57.73 points or 0.18 per cent at 31,804.82.



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