Rupee gains two paise against dollar at 64.55

The rupee edged up 2 paise to 64.55 against the US dollar in early trade at the interbank forex market today on increased selling of the American currency by exporters and banks.

Published: 08th December 2017 11:36 AM  |   Last Updated: 08th December 2017 11:36 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: The rupee edged up 2 paise to 64.55 against the US dollar in early trade at the interbank forex market today on increased selling of the American currency by exporters and banks.

Besides, a higher opening in domestic stocks supported the rupee, forex dealers said.

However, the dollar's recovery against some currencies overseas restricted the local unit's upmove.

Yesterday, the rupee had lost further ground to end at a near two-week low of 64.57 against the US currency, falling by 5 paise on sustained demand for the dollar from importers despite a strong rebound in equities.

Meanwhile, benchmark BSE Sensex rose 190.36 points, or 0.57 per cent, to 33,139.57 in early trade today.

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