Indian Rupee gains 6.0 paise against US dollar

Mumbai, India (BBN)– Indian Rupee gained 6.0 paise to trade at 63.67 against the US dollar in early trade on Friday at the inter-bank foreign exchange market on increased selling of the US currency by exporters.

Forex dealers said higher opening in the domestic equity market and a weakening dollar against euro and other currencies overseas also supported the Rupee.

The Rupee had gained 39 paise to more than 2-week high of 63.73 against the US dollar in Thursday’s trade on persistent selling of dollars by banks and exporters amid expectations of resumption of capital inflows in view of sustained rise in the equity market.

The benchmark BSE Sensex rose 149.32 points, or 0.55 per cent, to 27,265.15 in early trade on Friday.

BBN/SSR/AD

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