The Rupee Was Higher By 14 Paise At 64.90 Against The Dollar - Dollar Advisory & Financial Services

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Monday 30 October 2017

The Rupee Was Higher By 14 Paise At 64.90 Against The Dollar

The rupee was higher by 14 paise at 64.90 against the dollar after the European Central Bank said it would soon taper off its monetary stimulus.

It got more lift from fresh selling of the US currency by exporters and banks amid stronger domestic equities.

The dollar's weakness against the euro and other currencies overseas following the ECB move triggered the rise in the local unit, traders said.

On Friday, the rupee had taken a big knock by plunging 23 paise to close at 65.05 a dollar.

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