Rupee rebounds 24 paise against dollar
The rupee recouped sharply by 24 paise to 64 against the US dollar in early trade on Tuesday on increased selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.
Forex dealers said weakness in the dollar against other currencies overseas supported the rupee.
Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.
On Friday, the domestic unit ended lower by 8 paise at 64.24 a dollar on sustained month-end demand for the US currency from importers and banks.
Forex market remained closed on Monday on account of Maharashtra Day.
Meanwhile, the benchmark BSE Sensex rose 134.33 points, or 0.44%, to 30,052.73 in the early session.
Related Topics
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 64K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 10K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
In an affidavit filed by the home ministry, the government asked for a “restoration of the status quo ante” until the guidelines...
Recently posted. 819 views . 1 min read
The nation's education system keeps on being in a stir as the BJP-drove NDA government seems set on toppling changes started in the previous five years.
Recently posted. 661 views . 15 min read
Violating ceasefire once more, Pakistan armed force opened substantial discharge on Indian posts over the LoC along Rajouri region, prompting a five-hour firearm fi...
Recently posted. 669 views . 12 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 3K views . 26 min read
Recently posted . 3K views . 31 min read
In yet another bone-chilling incident in the BJP-ruled Haryana, a 19-year-old CBSE topper, who was also awarded by the President of India, was gang-raped near her...
Recently posted. 918 views . 1 min read
Several people took to social media to report that the fewer buses were plying on the roads.
Recently posted. 660 views . 0 min read