close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Rupee recovers 7 paise against US Dollar

Updated: Wed, Oct 18, 2017
11:59 pm
PTI
RELATED NEWS
Logistics and warehousing sector in India: Check out teh big numbers and cities involved Logistics and warehousing sector in India: Check out teh big numbers and cities involved
Pradhan Mantri Awas Yojana: 2 cr houses to be built in villages in three years, says President Pradhan Mantri Awas Yojana: 2 cr houses to be built in villages in three years, says President
Commerce Minister Piyush Goyal on e-commerce policy concerns: Highlights Commerce Minister Piyush Goyal on e-commerce policy concerns: Highlights

The rupee recovered by 7 paise to 64.95 against the dollar in early trade today on mild selling of the US currency by exporters.

Currency traders said weakness in the dollar against major global currencies overseas supported the rupee.

The rupee had lost 28 paise to close at 65.02 yesterday due to fresh bouts of demand for the greenback amid renewed Fed rate hike fears.

Meanwhile, the benchmark BSE Sensex fell by 100.74 points or 0.31 per cent to 32,508.42, while the NSE Nifty retreated from record by falling 29.30 points, or 0.29 per cent to 10,205.15 in early trade.

Foreign portfolio investors withdrew Rs 484.92 crore on net basis from stock markets yesterday, according to the BSE data.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)