Monday, March 16, 2015

Rupee appreciates to 62.91 on fresh dollar selling, strong equities

The rupee climbed up by six paise to 62.91 against the Greenback in early trade on Monday at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.

Forex dealers said a higher opening in domestic stock market also supported the rupee but a weakening American unit against some other currencies overseas capped the rise.

The local unit had lost 47 paise at 62.97 against the dollar on Friday on sustained demand for the US currency from importers amid weakness in local shares.

The benchmark Bombay Stock Exchange (BSE) Sensex edged higher by 78.52 points (or 0.27 per cent), at 28,581.82 in early trade on Monday.

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