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.
The domestic unit moved between 64.92 and 64.87 at the interbank forex market in early trade.
Yesterday, the rupee had gained 16 paise to close at
64.96 on steady unwinding of dollars by exporters and
corporates.
Foreign portfolio investors (FPIs) bought shares worth
Rs 620.08 crore yesterday, as per provisional data released by stock exchanges.
Meanwhile, the benchmark BSE Sensex was down by 131.13 points, or 0.39 per cent, to trade at 33,186.07 in morning trade.
PTI
