Mumbai, India (BBN) – The Indian rupee climbed 14 paisa to 64.75 against the US currency due to dollar selling by banks and exporters and a firm domestic equity market.
According to forex dealers, a positive equity market bolstered the rupee sentiment. However, the dollar’s clout overseas weighed heavily on the domestic unit, reports The Hindu Business Line.
Yesterday, the rupee had gained 22 paisa to end at a two-week high of 64.89 against the dollar, cashing in on positive sentiment after Moody’s upgrade of India’s credit rating.
Meanwhile, the benchmark BSE Sensex rallied 111.64 points or 0.33 per cent to 33,589.99 in early trade.