Rupee rebounds 6 paise against dollar in early trade

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Rupee rebounds 6 paise against dollar in early trade

Published : Jan 9, 2018, 10:01 am IST
Updated : Jan 9, 2018, 10:01 am IST

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Mumbai: The rupee recouped by 6 paise to 63.45 against the US dollar in early trade today on fresh selling of the American currency by exporters and banks amid early gains in stocks.

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Forex dealers said persistent inflows of foreign funds and weakness in the dollar against other currencies overseas supported the domestic unit.

Yesterday, the rupee had retreated from its near three- year high and ended lower by 14 paise at 63.51 against the US currency on fresh bouts of dollar demand amid concerns over the sluggish outlook for economic growth.

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Meanwhile, the benchmark BSE Sensex rose 134.73 points, or 0.39 per cent, to quote at an all-time high of 34,487.52 in opening session.

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