Mumbai: The rupee inched higher by 9 paise to 64.95 against the US dollar in
opening trade today on better-than-expected inflation numbers and mild
selling of the greenback by exporters amid sustained foreign capital
inflows.
However, the dollar gains against most major global currencies overseas limited the gains for the domestic unit.
A 7.5 per cent growth in industrial output in January
and selling of the American currency by exporters supported
the rupee, forex dealers said.
Yesterday, the rupee ended higher
by 13 paise to close at 65.04 against the US currency on the back of
foreign fund inflows after sharp gains in equity markets and weakness in
the dollar against global currencies.
Meanwhile, the benchmark BSE Sensex rose 44.58 points, or 0.13 per cent, to 33,962.52 in early trade today.
PTI
