Rupee gains 8 paise to trade at one-week high of 64.88

News, Business

Mumbai: The rupee firmed up by 8 paise to trade at over one-week high of 64.88 against the American currency in opening trade today on dollar selling by exporters and banks amid foreign capital inflows.

The dollar's weakness against other currencies overseas after a key advocate for free trade in the White House announced his resignation, fanning fears that President Donald Trump would go ahead with import tariff hike and risk a trade war, also supported the rupee sentiment, a currency dealer said.