Rupee Appreciates 6 Paise To 68.57 Against US $ In Early Trade
Mumbai: The rupee surged by 6 paise to 68.57 against the US Dollar in opening trade on Friday, amid sustained foreign fund inflows and higher opening of domestic equities.
The domestic unit opened at 68.60 at the interbank forex market, then gained further ground and touched 68.57, registering a gain of 6 paise over its last close.
On Wednesday, the rupee had recovered by 13 paise to close at 68.83 against the dollar. The forex market was closed Thursday on account of Holi.
Forex dealers said selling of the greenback by exporters and positive opening in domestic equities supported the rupee. Furthermore, fresh foreign fund inflows and easing crude prices also supported the rupee.
Meanwhile, the benchmark BSE Sensex was trading higher by 91.03 points, or 0.24 per cent, at 38,477.78 while the NSE Nifty was trading at 11,548, higher by 26.95 points, or 0.23 per cent. Brent crude futures, the global oil benchmark, slipped 0.18 % to S67.74 per barrel.