Rupee rises 11 paise against dollar as Indian markets open higher
The rupee gained to the dollar as selling of the US currency by exporters and banks increased and the Indian markets opening higher.
The rupee advanced by 11 paise to 64.32 against the dollar on Monday as selling of the US currency by exporters and banks paced up.
What also made the domestic unit come good was a higher opening of stocks. But the dollar held up against the yen and other currencies overseas, which limited the rupee's upmove.
On Friday, the rupee had closed higher by 10 paise at 64.43 against the US dollar, taking cues from encouraging export numbers for May.
Meanwhile, the benchmark BSE Sensex bounced 146.23 points, or 0.47 per cent, to 31,202.63 in early trade.