Rupee appreciates by 5 paise against dollar in early trade
Forex dealers said weakness in the US dollar against a few currencies overseas gave some boost to the rupee.
The rupee edged higher by 5 paise to 66.39 against the US dollar in early trade on Thursday after exporters and banks stepped up selling of the US currency amid sustained foreign fund inflows.
Forex dealers said weakness in the US dollar against a few currencies overseas gave some boost to the rupee.
Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.
On Wednesday, the rupee had gained 8 paise to close at 66.44.
Meanwhile, the benchmark Bombay Stock Exchange's (BSE) Sensex rose 36.42 points, or 0.13%, to 26,100.54 in early trade on Thursday.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
10:12 AM IST