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Rupee recovers by 5 paise to 63

Rupee recovers by 5 paise to 63.66 on mild dollar selling

Wed Jan 10 2018


The rupee recovered by 5 paise to 63.66 against the dollar in early trade on mild selling of the US currency by exporters amid a higher opening in the domestic equity market.


According to currency traders, the dollar's weakness against major global currencies overseas supported the rupee. Yesterday, the rupee had dropped sharply by 20 paise to end at a fresh one-week low of 63.71 against the US currency following steady uptick in dollar demand from importers and banks amid surging crude prices.


Meanwhile, the benchmark BSE Sensex rose 122.44 points or 0.35 per cent to hit a new life-time high of 34,565.63, while the NSE Nifty was up 18.50 points or 0.17 per cent at 10,655.50 in early trade.



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