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Rupee jumps to 63

Rupee jumps to 63.60 on continued FII inflows

Fri Aug 04 2017


The rupee appreciated by 9 paise to 63.60 against the US dollar on continued foreign capital inflows.


According to dealers, the domestic unit also found support from dollar’s weakness overseas and increased selling of the American currency by exporters and banks.


However, a weak domestic equity market restricted the rupee's gains.


Yesterday, the rupee had ended little changed at 63.69 — its highest level in two years — as RBI's intervention in the foreign exchange market mopped up excess dollar liquidity.


Meanwhile, the benchmark Sensex fell 76.20 points or 0.23 per cent to 32,161.68 in early trade.



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