The rupee strengthened by 11 paise to 63.55 against the dollar in opening trade today on fresh selling of the US currency by exporters and banks.
Forex dealers said a weak dollar in overseas markets on fears that a huge amount of foreign demand for American currency would dry up bolstered the rupee.
Yesterday, the rupee had settled lower by 6 paise at 63.66 on fresh bouts of demand for the American currency.
Forex dealers said a weak dollar in overseas markets on fears that a huge amount of foreign demand for American currency would dry up bolstered the rupee.
Yesterday, the rupee had settled lower by 6 paise at 63.66 on fresh bouts of demand for the American currency.
No comments:
Post a Comment