Rupee opens 17 paise higher against US dollar
Rupee opens 17 paise higher against US dollar
The rupee rose by 17 paise to 64.95 against the US dollar in opening trade today on mild selling of the greenback by exporters and a higher opening in the domestic equity market.
Meanwhile, the dollar gained against most major global currencies as concerns over a global trade war eased after investors saw Trump s proposed tariffs as more of a negotiating tactic than a hard policy proposal.
Investors sentiment was supported by the US non-manufacturing sector growth and improved risk appetite for the dollar, currency traders said.
The euro pared some losses and edged up 0.2 per cent after an inconclusive Italian election.
Yesterday, the rupee had end higher by 5 paise at 65.12 against the US currency on fresh bouts of dollar selling by banks and importers amid growing trade war concerns.
Meanwhile, the benchmark BSE Sensex recovered 313.35 points, or 0.92 per cent, to 34,060.13 in early trade today.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.