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Rupee climbs to 65

Rupee climbs to 65.18 on sustained dollar selling

Wed Oct 11 2017

 

The rupee climbed 10 paise to 65.18 against the dollar today as US president’s tax cut plans failed to sustain dollar interest among traders.

 

Sustained dollar selling by banks and exporters and a firm domestic equity market supported the rupee. Also, weakening of dollar against other currencies overseas aided the uptrend.

 

Yesterday, the rupee had strengthened by 8 paise to close at 65.28 per dollar.

 

Meanwhile, the benchmark BSE Sensex reclaimed the 32,000 mark by rising 104.02 points or 0.32 per cent to 32,028.43 in early trade.

 

Source: http://www.thehindubusinessline.com/

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