Markets

Rupee gains 7 paise against dollar as stocks zoom

On September 16, the rupee had gained 4 paise to end at 64.08 against the U.S. dollar. File  

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The rupee appreciated by 7 paise to 64.01 against the U.S. dollar on Monday on selling of the greenback by banks and exporters.

The dollar’s slide against some currencies overseas ahead of the Federal Reserve’s meet beginning on September 19 and a stronger opening of domestic equities took the rupee high.

On September 15, the rupee had gained 4 paise to end at 64.08 against the U.S. dollar.

Meanwhile, the Nifty rallied by 68.95 points, or 0.68% to hit a new high of 10,154.35 and the benchmark Sensex spurted 190.17 points, or 0.58%, to 32,462.78 in the opening trade.

Printable version | Sep 18, 2017 3:20:40 PM | http://www.thehindu.com/business/markets/rupee-gains-7-paise-against-dollar-as-stocks-zoom/article19708324.ece