Indian rupee rises 30 paise against US dollar to 68.57 in early trade

 The dollar's weakness against some currencies overseas after US jobs data showed slower-than-expected wages growth supported the rupee, forex dealers said.

Indian rupee rises 30 paise against US dollar to 68.57 in early trade
On Friday, the rupee had gained 8 paise to end at 68.87 against the US currency. Image source: Reuters

The rupee appreciated by 30 paise to 68.57 against the US dollar in early trade today at the forex market on increased selling of the greenback by exporters and banks, amid a higher opening of the domestic equity market.

Besides, the dollar's weakness against some currencies overseas after US jobs data showed slower-than-expected wages growth supported the rupee, forex dealers said.

On Friday, the rupee had gained 8 paise to end at 68.87 against the US currency, largely tracking gains in key Asian units amid weak dollar overseas.

Meanwhile, the benchmark BSE Sensex rose by 244.84 points, or 0.69 per cent, to 35,902.70 in morning trade.

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Written By: PTI
Updated: Mon, Jul 09, 2018
10:31 AM IST
Mumbai, PTI
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