Rupee surges 9 paise against dollar in early trade

Mumbai, India (BBN)-The rupee ticked up 9 paise to 63.91 against the dollar in early trade Thursday at the Interbank Foreign Exchange after the American currency weakened overseas on disappointing retail sales report.

Besides, increased selling of US dollar by exporters supported the rupee but a lower opening in the domestic equity market capped the gains, forex dealers said, reports PTI.

The rupee had ended higher by 17 paise at 64 against the greenback in Wednesday’s trade due to fag-end selling of dollars by banks and exporters on the back of strong recovery in the equity market.

Meanwhile, the benchmark BSE Sensex fell 302.48 points, or 1.10%, to 26,981.49 in early trade.

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