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
Kiki challenge: The internet loved their "awesome way of life". An Instagram user said, "This is everything. How do we beat this?"
Recently posted. 788 views . 1 min read
Smriti Irani had worked at an outlet of the fast food giant in 1990s before becoming an actress
Recently posted. 795 views . 0 min read
If you are travelling beyond 5km on the Delhi Metro from Tuesday, be prepared to shell out Rs 10 extra with yet another fare revision. The hike came into force afte...
Recently posted. 919 views . 4 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 3K views
Recently posted . 2K views
Recently posted . 4K views . 42 min read
Recently posted . 3K views . 34 min read
Bhushan Steel's annual capacity of 5.6 million tons takes Tata Steel's total volume to 18.6 million tons, around half-a-million tons more than JSW Steel&#...
Recently posted. 877 views . 1 min read
Srinagar: Sandeep Sharma, a.k.a Adil, who was captured by Jammu and Kashmir Police last Sunday, joined terror group Lashkar-e-Taiba as he needed to wed a &quo...
Recently posted. 800 views . 15 min read