At the Interbank Foreign Exchange today, the value of rupee surged by 21 paise to 64.16 against the US currency in early trade.
According to the forex dealers, "Increased selling of the American currency by exporters and banks amid a higher opening in the domestic equity market lifted the domestic currency."
"Further, a higher opening in the domestic equity market with key indices hitting soaring to new highs, influenced the rupee uptrend", they added.
However, the benchmark BSE Sensex hiked by 150.88 pts, or 0.46 % in opening trade.
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