ZCZC
BCN-33
INDIA-RUPEE-USD
Rupee spurts 6 paise against US dollar
Mumbai, Aug 8, 2018 (BSS/PTI) – The rupee rose by 6 paise to 68.62 against
the dollar in early trade today as the US currency softened against China’s
yuan and the euro amid sustained foreign fund inflows.
Increased selling of the greenback by exporters and banks amid a higher
opening in the domestic equity market lifted the domestic currency, dealers
said.
Yesterday, the rupee had staged an impressive rebound from a two-week low
to end higher by 20 paise at 68.68 against the US currency on fresh bouts of
dollar selling by exporters and banks.
Meanwhile, the benchmark BSE Sensex rose by 110.06 points, or 0.29 per
cent, to trade at 37,775.86 in early trade.
Foreign portfolio investors (FPIs) bought shares worth Rs 314.83 crore
yesterday, as per provisional data.
BSS/PTI/HR/1300