Rupee rebounds 8 paise in opening trade
The rupee strengthened by 8 paise to 66.40 against the US dollar in opening trade at the interbank foreign exchange market today on some selling of the greenback by exporters and banks.
A higher opening of domestic equities too lifted the domestic currency, dealers said.
Yesterday, the rupee had lost 36 paise to hit a fresh 13-month low of 66.48 against the US dollar as rising crude prices and sustained foreign fund outflows led to subdued forex market sentiment.
India vs South Africa 2023-24: T20, ODI, Test Matches Full Schedule, Match Dates, Time in IST, Venues, Squad, Free Live Streaming Details
Aprilia RS457: Aprilia's first made-in-India motorcycle to launch today - Check price, specifications
HDFC SKY redefines share market navigation with advanced demat account app for seamless wealth creation
RBI to set up cloud facility for financial sector and fintech repository; here is what you need to know
RBI keeps repo rate steady for the 5th time: Here is what market experts, analysts and industry leaders say
ICSE, ISC Board Exam 2024 date sheet released: Check board exam schedule, direct link, other details here
RBI monetary policy | MPC keeps repo rate unchanged at 6.5% for fifth consecutive time; top highlights
In global trade, the US dollar had strengthened against major world currencies overseas, while investors maintained focus on the US Treasury market, where the 10-year yields were near with 3 per cent.
Meanwhile, the benchmark BSE Sensex recovered 147.25 points, or 0.42 per cent, to 34,598.02 points in early trade today.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)