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Rupee rises for 3rd straight day; up 18 paise at 68

Rupee rises for 3rd straight day; up 18 paise at 68.45

Thu Aug 09 2018

 

Rising for the third straight day, the rupee firmed up by 18 paise to 68.45 against the US dollar in early trade on continued selling of the American currency by exporters and banks amid foreign capital inflows.

 

Forex dealers said besides sustained selling of the greenback, a higher opening of the domestic equity markets boosted the rupee. However, the dollar’s strength against some currencies overseas capped the rupee’s gains.

 

Yesterday, the rupee had gained by 5 paise to end at 68.63 against the US currency. Meanwhile, the benchmark BSE Sensex rose 162.56 points, or 0.42 per cent, to hit an all-time high of 38,050.12. The NSE Nifty too scaled a new peak of 11,495.20 in early trade.

 

Source: Hindu business line.

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