Today Rupee Gains nearly 8 paise against the US dollar in early trade
The rupee gained nearly 8 paise against the US dollar in early trade on Thursday amid firm opening of the domestic equity market following robust global cues. However, the local currency opened on a flat note at 66.43 level against the US dollar.
The rupee was trading 7 paise higher at 66.36 against the US dollar around 9.15 am. The BSE Sensex and NSE Nifty opened 352.52 points and 123.60 points higher at 27,605 and 8,555, respectively.
On Wednesday, the rupee reversed its initial losses and closed with a sharp gain of 19 paise at a two-month high of 66.43 against the dollar. However, benchmark equity indices plunged over a percentage point on the government’s drive against black money and Donald Trump’s win in the US presidential polls.
The dollar index recovered from a low of 95.885 against major currencies and tested the 98.448 level on Wednesday.
The rupee was trading 7 paise higher at 66.36 against the US dollar around 9.15 am. The BSE Sensex and NSE Nifty opened 352.52 points and 123.60 points higher at 27,605 and 8,555, respectively.
On Wednesday, the rupee reversed its initial losses and closed with a sharp gain of 19 paise at a two-month high of 66.43 against the dollar. However, benchmark equity indices plunged over a percentage point on the government’s drive against black money and Donald Trump’s win in the US presidential polls.
The dollar index recovered from a low of 95.885 against major currencies and tested the 98.448 level on Wednesday.
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