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
ALMATY: Hour upon hour, day upon day, Omir Bekali and other detainees in far western China's new indoctrination camps had to disavow the...
Recently posted . 220K views . 1 min read
If you have payed attention to the belly buttons of people on the beach or the members of your family, you have probably noticed that they have different shapes and...
Recently posted . 10K views . 2 min read
The Langya henipavirus has a place with a similar group of infections, including Nipah, which is known to kill up to 3/4 of people in extreme cases.
Recently posted . 6K views . 1 min read
Queen's death: The eldest of her four children, Charles, Prince of Wales, who at 73 was the oldest heir apparent in British history, became king immediately...
Recently posted . 6K views . 1 min read
More in National
Night shifts are viewed as a fundamental piece of the work process consistently. Certain organizations work all through the evening to draw out their work volume ...
Recently posted. 2K views . 1 min read
Researchers who study the microbiome are hoping for a big data dump.
Recently posted. 779 views . 0 min read
Like humans, dogs love sleeping and often have personal preferences when it comes to their ultimate position.
Recently posted. 1K views . 0 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 5K views
Recently posted . 2K views
Recently posted . 4K views . 99 min read
Recently posted . 4K views . 67 min read
As long as Facebook’s dual-layer share structure prevails, control-freak CEO Mark Zuckerberg is highly unlikely to give up his iron grip on the empire that ...
Recently posted. 982 views . 1 min read
In the realm of men’s fashion, there are some trends that will reign supreme in 2018. Here, we list some of them, from loose-fitted outfits and semi-formal cl...
Recently posted. 1K views . 1 min read