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Rupee jumps to 68

Rupee jumps to 68.62 as dollar weakens against yuan, euro

Wed Aug 08 2018

 

The rupee strengthened by 6 paise to 68.62 against the dollar in early trade as the US currency softened against China’s yuan and the euro amid sustained foreign fund inflows. Increased selling of the greenback by exporters and banks also supported the rupee.

 

Yesterday, the rupee had staged an impressive rebound from a two-week low to end higher by 20 paise at 68.68 against the US currency on fresh bouts of dollar selling by exporters and banks.

 

Meanwhile, the benchmark BSE Sensex rose by 110.06 points, or 0.29 per cent, to 37,775.86 in early trade. As per provisional data, foreign portfolio investors had bought shares worth Rs 314.83 crore yesterday.

 

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

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