Rupee higher up 6 paise against USD
Rupee higher up 6 paise against USD
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Mumbai: Thursday; June 9,2016: The rupee higher by 6 paise to trade at a fresh four-week high of 66.59 next to the US dollar in early trade on continued selling of the American exchange by banks and exporters.

As per the dealers said, " weakness in dollar against other currencies overseas on expectations that the US Federal Reserve will keep benchmark interest rates low for longer also supported the rupee at the Interbank Foreign Exchange market".

They said, "meanwhile, a lower opening in the domestic equity market, capped the rupee's gain."

Yesterday,the rupee compressed up by 12 paise to close at a four-week high of 66.65 on constant selling of the American currency by banks and exporters amid persistent foreign capital inflows.

However, the benchmark BSE Sensex fell by 90.74 points or 0.33 % at 26,929.92 in early trade today.

 

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