Rupee moves up 8 paise, investors digest trade data

Forex dealers said fresh inflow of foreign funds and weakness in the dollar against other currencies overseas supported the rupee.

Published: 15th November 2017 09:59 AM  |   Last Updated: 15th November 2017 09:59 AM   |  A+A-

An Indian one rupee coin is seen in this picture illustration taken in Mumbai. (File photo | Reuters)

By PTI

MUMBAI: The rupee edged up 8 paise to 65.34 against the dollar in opening trade today on fresh selling of the US currency by exporters.     

Forex dealers said fresh inflow of foreign funds and weakness in the dollar against other currencies overseas supported the rupee.      

However, a lower opening of domestic equities and a widening trade deficit to almost a three-year high capped the gains.     

Yesterday, the rupee had ended flat to close at 65.42 against the US currency due to fag-end demand for the greenback amid ballooning trade deficit.     

Meanwhile, the benchmark BSE Sensex fell by 113 points, or 0.34 per cent, at 32,828.87 in early session today.

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