7 paise to 67.11;Rupee gains against dollar
7 paise to 67.11;Rupee gains against dollar
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Wednesday;July 13,2016:Rupee firmed up 7 paise to 67.11 against US dollar at the forex market in early trade today. Industrial production grew 1.2 % in May from a year ago. The provisional 0.8 % contraction in April has been revised downwards to -1.34 %.

Retail inflation ticked up 5.77 % in June as against 5.76 % in May.

As per the dealer said, "Apart from the selling of the American unit, a higher opening in the domestic equities, continued foreign capital inflows and weakness in the dollar against other currencies overseas supported the rupee"

On Tuesday, the rupee ended 5 paise down at 67.18 on fresh dollar demand from banks and importers in spite of the constant rally in the stocks.

However, the benchmark BSE Sensex rose 120.62 points, or 0.43 % , to 27,928.76.

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