Rupee continues good run, gains another 16 paise Vs dollar

The rupee firmed up 16 paise to trade at 63.70 against the dollar in opening session today, rising for a third straight day on increased selling of the US currency by exporters and banks.

Forex dealers said the dollar was weak against other currencies overseas which supported the rupee.

A higher opening in the domestic equity market also influenced the rupee uptrend, they added.

Yesterday, the rupee had gained 2 paise to close at 63.86 against the American currency.

Meanwhile, the benchmark BSE Sensex rose 130.58 points, or 0.37 per cent, to 35,390.87 in early trade today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel