Tuesday, March 17, 2015

Rupee rises 9 paise to 62.72 on increased dollar selling

The rupee gained 9 paise to 62.72 against the Greenback in early trade on Tuesday at the Interbank Foreign Exchange (Forex) market on increased selling of the US dollar by banks and exporters amid lower dollar value overseas on tepid US manufacturing data.

Forex dealers said sustained capital inflows and a higher opening in the domestic stock market boosted the rupee sentiments.

The domestic unit had gained 16 paise to end at 62.81 against the dollar on Monday on fresh selling of the US currency.

Meanwhile, the benchmark Bombay Stock Exchange (BSE) index Sensex on Monday rose sharply by 202.96 points (or 0.71 per cent), to trade at 28,640.67.

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