Markets

Rupee moves up 10 paise against dollar

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A positive start from equities created more room for the rupee.

The rupee rose 10 paise to 64.01 against the dollar on Thursday as the U.S. Congress gave its final seal of approval to a sweeping tax legislation.

Dubbed as the biggest overhaul of the U.S. tax code in 30 years, the Bill slashes taxes for corporates as well as the middle class.

A positive start from equities created more room for the rupee.

In the opening session, the domestic unit went up 10 paise to 64.01. On December 20, it had lost 7 paise at 64.11 against the U.S. currency due to dollar demand from importers.

The benchmark BSE Sensex rose 83.61 points, or 0.24%, to 33,860.99, in early session on December 21.

Printable version | Dec 21, 2017 12:38:09 PM | http://www.thehindu.com/business/markets/rupee-moves-up-10-paise-against-dollar/article22121529.ece