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Rupee gains 15 paise to 72

Rupee gains 15 paise to 72.30 on dollar selling

Tue Sep 11 2018


The rupee opened strong by 15 paise at 72.30 against the US dollar due to increased dollar selling by banks and exporters. Besides, dollar’s weakness against some currencies overseas, including the euro, also supported the rupee, dealers said.


On Monday, the rupee had slumped to a new record low of 72.67 a dollar intra-day before closing at 72.45, down 72 paise, on growing fears of contagion from an emerging market rout and escalation of global trade war. Meanwhile, the benchmark Sensex rose 95.32 points, or 0.25 per cent, to 38,017.49 in early trade.



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