Rupee gains 14 paise against US dollar in early trade

The rupee on Tuesday rose 14 paise to 64.88 against the US dollar in early trade at the forex market on increased selling of the greenback by exporters and banks.

author-image
nabanita chakorborty
Updated On
New Update
Rupee gains 14 paise against US dollar in early trade

Rupee gains 14 paise against US dollar in early trade (Representative Photo)

The rupee on Tuesday rose 14 paise to 64.88 against the US dollar in early trade at the forex market on increased selling of the greenback by exporters and banks.

Also, a higher opening of domestic equities supported the rupee, but the dollar's recovery against some currencies overseas, restricted the local unit's up move, forex dealers said.

On Monday, the rupee had retreated from its one-month high to close 5 paise lower at 65.02 against the US currency on fresh bouts of dollar demand from importers and corporate investors amid forex outflows.

Also Read | Sensex rises over 100 points on firm global cues, Nifty tops 10,400

Meanwhile, benchmark BSE Sensex rose 130.31 points, or 0.38 per cent, to 33,918.85 in early trade on Tuesday.

Rupee US Dollar Foreign Exchange currency Rupee Today Forex Rupee Vs Dollar currency market