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Rupee extends gains, up 8 paise against dollar

MUMBAI : Rising for the sixth straight day, the rupee strengthened by 8 paise to 63.32 against the dollar in early trade on Tuesday at Interbank Foreign Exchange on sustained selling of the American currency

PTI [ Updated: July 07, 2015 12:35 IST ]
rupee extends gains up 8 paise against dollar
rupee extends gains up 8 paise against dollar

MUMBAI : Rising for the sixth straight day, the rupee strengthened by 8 paise to 63.32 against the dollar in early trade on Tuesday at Interbank Foreign Exchange on sustained selling of the American currency by exporters and banks.

Forex dealers said increased capital inflows as well as higher opening in the domestic equity supported the rupee.

They said, however, greenback's strength against other currencies overseas capped the gains.

The rupee had ended higher by 4 paise to 63.40 against the US currency in Monday's trade following consistent selling of dollar by banks and exporters

Meanwhile, the benchmark BSE Sensex rose by 122.04 points or 0.43 per cent to 28,330.80 in early trade.

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