Rupee appreciated by 7 paise in early trade

Sep 04 2017 11:32 AM
Rupee appreciated by 7 paise in early trade

 

As if it is known that in the world of stock or share, there are always uncertainties' situation occur, daily we see an appreciation and depreciation in the value of the Indian Currency against the US dollar.

The movement of market fluctuations continues. The businessmen are also troubled by this. It can not be said when the market will emerge from this stage.

In early trade today; the rupee has appreciated by 7 paise to 63.95 against the US dollar at the Interbank Forex market.

According to the dealers said, "the dollar's weakness against other currencies overseas on renewed geopolitical tensions after North Korea's latest nuclear test yesterday and below expectations US jobs data for August gave the rupee strength."

They further added, "a lower opening of the domestic equity markets, capped the gains."

However, the BSE Sensex Benchmark fell 71.65 points, or 0.22 per cent, to 31,820.58 in early trade.

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