ZCZC
BCN-06
INDIA-RUPEE-USD
Rupee gains 8 paise against dollar in early trade
Mumbai, Dec 24, 2018 (BSS/PTI) – The rupee gained 8 paise against the US
dollar Monday to trade at 70.10 in on selling of the US currency by exporters
and banks.
The dollar was weak against major currencies in global markets which
supported the local currency, a currency dealer said, but choppy trend at the
stock exchanges limited the gains.
The rupee opened a shade lower at 70.19 a dollar against the previous close
of 70.18 a dollar. It moved in a range of 70.21 to 70.12 a dollar in early
trade before quoting at 70.10, showing a gain of 8 paise.
On Friday, the rupee snapped its four-day rising streak by falling 48 paise
to close at 70.18 against the US currency due to month-end dollar demand and
sharp losses in domestic equities.
Meanwhile, the benchmark BSE Sensex fell by 34.30 points, or 0.11 per cent to
35,703 in early choppy trade Monday after rising to 35,872.02.
BSS/PTI/HR/1025