Indian Rupee up 13 paise at 67.82 against dollar in early trade
After a brief recovery, the rupee once again breached the 68-mark in late morning deals, deteriorating by 10 paise to 68.05 on heavy bouts of demand on the American currency from banks and merchants in the midst of higher dollar abroad.
Indian Rupee up 13 paise at 67.82 against dollar in early trade
The domestic unit continued higher at 67.88 for every dollar as against yesterday’s closing level of 67.95 at the Interbank Foreign Exchange (Forex) market.
Forex dealers said separated from selling of the American currency by exporters and banks, weakness in the dollar against other developing business sector market currency overseas, bolstered the rupee.
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Further, a higher opening in the local value market impacted the rupee’s uptrend, they included.
On Wednesday, hit by worldwide development concerns, the rupee crashed below the 68-level following 28 months and shut 30 paise down at 67.95 on new interest for the American cash from merchants in the midst of a gigantic fall in domestic stock market .
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In the interim, the benchmark BSE Sensex recuperated by 252.75 points, or 1.05 percent, at 24,314.79 in ahead of early trade on Thursday.
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