Indian Rupee strengthens by 28 paisa to 65.13 on increased US dollar selling

Last updated: March 27, 2017

Mumbai, India (BBN) – The Indian rupee strengthened by 28 paisa to 65.13 against the dollar in early trade on increased selling of the US currency by banks and exporters.
Dealers said increased selling of the American unit by exporters and banks and the dollar’s weakness against other currencies overseas amid increased skepticism of US President Donald Trump’s ability to implement his economic agenda after last week’s failed US healthcare deal supported the rupee, reports The Hindu Business Line quoting PTI.
However, weak domestic equity market capped the gain.
On Friday, the rupee had gained 11 paise to end at 65.41 against the American currency on fresh bouts of dollar selling by exporters and banks.
Meanwhile, the benchmark BSE Sensex fell 96.80 points or 0.32 per cent to 29,324.60 in early trade.
BBN/SK/AD

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram