Rupee strengthens 39 paise against US dollar

On Friday, the rupee had clocked its biggest single-session rally since March 14, 2017, surging by a whopping 56 paise to close at 67.78 against the US dollar.

business Updated: May 28, 2018 10:16 IST

The rupee was trading at 67.38 against the US dollar, 39 paise higher from its previous close.(Reuters File Photo)

The rupee strengthened 39 paise to 67.39 against the US dollar at the interbank forex market on Monday, on fresh selling of the greenback by exporters and banks.

Dealers said dollar’s weakness against some other currencies overseas, on cooling global crude prices, and early gains in domestic equity markets supported the rupee.

On Friday, the rupee had clocked its biggest single-session rally since March 14, 2017, surging by a whopping 56 paise to close at 67.78 against the US dollar.

The benchmark BSE Sensex rose by 156.67 points, or 0.44%, to 35,081.54 in opening trade.