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Rupee strengthens to 63

Rupee strengthens to 63.55 on fresh dollar selling

Fri Jan 12 2018


The rupee strengthened by 11 paise to 63.55 against the dollar in the opening trade on fresh selling of the US currency by exporters and banks.


Forex dealers said the dollar's weakness against other major currencies on fears that a huge amount of foreign demand for American currency would dry up bolstered the rupee. Yesterday, the rupee had settled lower by 6 paise at 63.66 on fresh bouts of demand for the American currency.


Meanwhile, the benchmark BSE Sensex rallied by 134.93 points or 0.39 per cent to hit yet another record high of 34,638.42 in the opening trade.


Source: Hindu business line.

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