Mumbai: The rupee surged by 31 paise to 66.51 against the US dollar in early trade today on selling of the American currency by exporters and banks amid sustained foreign fund inflows.
Forex dealers said a higher opening in domestic equity market and a weak dollar against other currencies overseas after last week’s below-par US growth data also supported the rupee.
Forex market remained closed yesterday on account of “Ganesh Chaturthi”.
On Friday, the rupee continued its stellar performance against the US currency for the fourth straight day ending higher by 13 paise at 66.82 on heavy dollar selling.
Meanwhile, the benchmark BSE Sensex spurted by 248.75 points or 0.87 per cent at 28,780.86 in early session today.
Shah Rukh Khan to produce horror series for Netflix
Filmcity earns Rs 7.55 cr from visitors in 5 years
Priyanka Chopra the only ‘desi girl’, no one can take her place: Parineeti
Tyrese Gibson to headline thriller ‘Inside Game’
Public education must to mitigate CVD burden: Dr Sushil
© 2017 State Times Daily Newspaper