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Rupee rises 14 paise to 71.19 against US dollar in early trade

On Wednesday, the rupee had settled higher by 11 paise at 71.33 against the US dollar.

PTI PTI
Mumbai Published on: January 24, 2019 9:34 IST
Rupee
Image Source : PTI

Rupee against US dollar

The rupee strengthened 14 paise to 71.19 against the dollar at the interbank forex market Thursday on increased selling of the American currency by exporters and banks.

Dealers said dollar's weakness against other currencies overseas amid fears of a slowing global economy and US government's record-long shutdown and early gains in domestic equity markets supported the rupee.

On Wednesday, the rupee had snapped its three-day losing streak and settled higher by 11 paise at 71.33 against the US dollar.

The benchmark BSE Sensex recovered by 28.27 points, or 0.08 per cent, to 36,136.74 after rising to 36,178.36 in opening trade Thursday.

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