Rupee rebounds 17 paise against US dollar

Besides, the dollar's weakness against some currencies overseas and early gains in the domestic equity market supported the rupee.     

Published: 14th August 2017 10:04 AM  |   Last Updated: 14th August 2017 10:04 AM   |  A+A-

A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. (Photo | Reuters)

For representational purposes (File | Reuters)

By PTI

MUMBAI: Reversing its three-day downward trend, the rupee recovered by 17 paise to 63.96 against the US dollar in early trade today on fresh selling of the American currency by exporters.     

Besides, the dollar's weakness against some currencies overseas and early gains in the domestic equity market supported the rupee.     

The rupee had lost 5 paise to close 64.13 against the US currency in Friday's trade due to sustained demand for the American currency from importers and corporates.     

Meanwhile, the benchmark BSE Sensex was quoting higher by 190.65 points or 0.61 per cent at 31,404.24 in opening trade today. 

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