Mumbai : The rupee strengthened by two paise to 60.47 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market on sustained foreign funds inflow amid increased selling of the American currency by exporters and banks.
The rupee had closed 19 paise higher at 60.49 against the dollar in Wednesday’s trade on weakening of the US currency amid reports of Russia and Ukraine agreeing to a ceasefire and continuing rise in local equities and sustained foreign funds inflows.
Forex dealers said increased selling of the American currency by exporters and banks supported the rupee but a lower opening of the domestic equity market and dollar’s rise against other currencies overseas restricted the gains.
Meanwhile, the benchmark BSE Sensex fell by 74.28 points, or 0.27 per cent, to 27,065.66 in early trade on Thursday.
Salman isn’t affected by his stardom: Sonakshi
Pankaj Kapur joins son Shahid in ‘Jersey’
Ranveer Singh shares his first look from ‘Jayeshbhai Jordaar’
Taapsee Pannu to feature in Mithali Raj biopic
Feel guilty for not understanding Shaheen much: Alia on sister’s battle with depression
© 2017 State Times Daily Newspaper