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Rupee Gains Three Paise Against Dollar

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The Indian rupee strengthened by three paise to 62.67 against the US dollar at the Interbank Foreign Exchange in early trade on Wednesday on sustained selling of the Greenback by exporters.
Besides, early gains in domestic equity markets and the dollar's weakness against other major currencies overseas also helped the rupee to log gains, forex dealers said.
The rupee had closed 11 paise higher against the American currency to 62.70 on Tuesday amid a good show by stocks and on selling of dollars by banks and exporters.
Meanwhile, the benchmark Bombay Stock Exchange (BSE) Sensex rose by 70.59 points, or 0.24 per cent, to 28,806.97 in early trade on Wednesday.

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news 7 dollar rupee currencies interbank foreign exchange