Rupee opens 7 paise up to 63.95 against US dollar

The rupee firmed up by 7 paise to 63.95 against the US dollar in early trade at the Inter bank Forex market on Monday selling of the American currency by exporters and banks.

Besides, the dollar's weakness against other currencies overseas on renewed geopolitical tensions after North Korea's latest nuclear test on Sunday and below expectations US jobs data for August gave the rupee strength, dealers said.  

They said, however, a lower opening of the domestic equity markets, capped the gains. The rupee had ended lower by 12 paise against the USdollar to end at 64.02 on Friday after the latest GDP numbers showed the country's growth slowed to a three-year low. Meanwhile, Sensex fell 71.65 points, or 0.22 per cent, to 31,820.58 in early trade.