ibnlive » Business

Rupee up by 8 paise against dollar in early trade

Press Trust of India
Apr 08, 2013 at 09:59am IST

Mumbai: The rupee edged higher by 8 paise to 54.73 against the US dollar in early trade at the Interbank Foreign Exchange on Monday on increased selling of the American currency by exporters and banks. Besides, strengthening of euro against the dollar in overseas market and a higher opening in the equity market supported the rupee, forex dealers said.

The rupee had gained 6 paise to close at 54.81 in the previous session on Friday's trade.

The BSE benchmark Sensex recovered by 43.49 points, or 0.24 per cent, to 18,493.72 in early trade on Monday.

Rupee up by 8 paise against dollar in early trade

Besides, strengthening of euro against the dollar in overseas market and a higher opening in the equity market supported the rupee, forex dealers said.

Latest

More from this section

PREVIOUS  Sensex end 12 points down, Bharti Airtel up 4 pc on SC relief

NEXT  HC rules in favour of BEST in MTNL tariff case