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Rupee climbs 15 paise to 64

Rupee climbs 15 paise to 64.39

Thu July 13 2017

 

The rupee strengthened by 15 paise to 64.39 against the dollar on Thursday, backed up by record—shattering stocks, as foreign capital stayed on an upward trajectory.

 

The level of dollar selling by exporters and banks intensified, too. A muted show by the greenback against other currencies overseas added momentum to the rupee.

 

The flagship Sensex broke through the 32,000—mark for the first time ever, which gave the uptrend more lift, traders added. The Nifty too hit a fresh life high.

 

On Wednesday, the rupee had recovered 5 paise to close at 64.54 against the US currency.

 

Meanwhile, the benchmark BSE Sensex climbed 215.60 points, or 0.67 per cent, to trade above the key 32,000—mark at 32,020.42 in early session today.

 

Source: http://www.thehindu.com/

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