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BW Businessworld

Rupee Appreciates By 37 Paise Against Dollar

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The rupee appreciated by 37 paise to 62.12 against the dollar in early trade today (April 6) at the Interbank Foreign Exchange after the American currency weakened overseas amid a higher opening in the domestic equity market.
 
Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies on disappointing jobs data supported the rupee.
 
Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.
 
The rupee had ended 18 paise higher at 62.49 against the American currency on Tuesday on selling of dollars by banks and exporters on expectation of resumption of foreign capital inflows into equity market.
 
Forex market last week remained closed on April 1, 2 and 3 for annual account closing, Mahavir Jayanti and Good Friday respectively.
 
Meanwhile, the benchmark BSE Sensex rose sharply by 107.44 points, or 0.38 per cent, to 28,367.58 in early trade today.
 
(PTI)


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news 6 dollar rupee interbank foreign exchange