Rupee gains 8 paise against dollar in early trade
The Rupee Gained 8 Paise Against The US Dollar On Monday To Trade At 70.10
The rupee gained 8 paise against the US dollar on Monday to trade at 70.10 in on selling of the US currency by exporters and banks. The dollar was weak against major currencies in global markets which supported the local currency, a currency dealer said, but choppy trend at the stock exchanges limited the gains.ALSO READ | Fuel prices slashed again, check December 24 rates here
The rupee opened a shade lower at 70.19 a dollar against the previous close of 70.18 a dollar. It moved in a range of 70.21 to 70.12 a dollar in early trade before quoting at 70.10, showing a gain of 8 paise.
On Friday, the rupee snapped its four-day rising streak by falling 48 paise to close at 70.18 against the US currency due to month-end dollar demand and sharp losses in domestic equities.
Meanwhile, the benchmark BSE Sensex fell by 34.30 points, or 0.11 per cent to 35,703 in early choppy trade Monday after rising to 35,872.02.
For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.
More from Business
Take Control Of Your Financial Goals: Apply For A Personal Loan Now
Nihal Dangoria: An Indian Entrepreneur Making a Bright Future For The Real Estate Industry
Data breach incident at Extramarks highlights growing cybersecurity concerns in Indian companies
How is ePayLater empowering retailers across the country
Follow your heart, but don't ignore your mind When it comes to investing