Rupee Up 1 Paise Against U.S. Dollar In Early Trade
The Indian rupee edged up marginally by 1 paise to Rs. 44.72 against the U.S. dollar in range-bound trade on the Interbank Foreign Exchange Wednesday morning on dollar-selling by some banks.
A lower opening in the stock market capped the gains.
Forex dealers said dollar-selling by some banks helped the rupee to trade a shade higher against the American currency, but the lower opening in the stock market restricted the gains.
The rupee ended 13 paise higher at Rs. 44.73/74 against the American currency in the previous session amid heavy selling of the U.S. dollar.
Meanwhile, the Bombay Stock Exchange benchmark Sens*x fell by 35.96 points to 18,272.70 in opening trade today.
Source: thehindu.com
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