The rupee was trading a tad up at 68.14 in the evening deals on increased selling of the American currency by exporters.
According to forex dealers, the dollar’s weakness against some currencies overseas and a firm domestic equity market supported the rupee.
The domestic unit opened strong at 68.02 against the previous close of 68.18 at the Interbank Foreign Exchange market today.
It hovered in a range of 68.106 and 68.01 before quoting at 68.14, up 4 paise at 3.35 pm local time.
Meanwhile, the benchmark BSE Sensex ended higher by 82.84 points or 0.31 per cent at 27,117.34.
The dollar slid broadly after US President Donald Trump struck a protectionist tone in his inauguration speech, undermining optimism over the US economy spurred by his promises of tax cuts and other stimulus.
Source : http://www.thehindubusinessline.com/markets/forex/rupee-live-update/article9496596.ece
According to forex dealers, the dollar’s weakness against some currencies overseas and a firm domestic equity market supported the rupee.
The domestic unit opened strong at 68.02 against the previous close of 68.18 at the Interbank Foreign Exchange market today.
It hovered in a range of 68.106 and 68.01 before quoting at 68.14, up 4 paise at 3.35 pm local time.
Meanwhile, the benchmark BSE Sensex ended higher by 82.84 points or 0.31 per cent at 27,117.34.
The dollar slid broadly after US President Donald Trump struck a protectionist tone in his inauguration speech, undermining optimism over the US economy spurred by his promises of tax cuts and other stimulus.
Source : http://www.thehindubusinessline.com/markets/forex/rupee-live-update/article9496596.ece
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