BCN-29 Rupee gains 18 paise against dollar

237

ZCZC

BCN-29

INDIA-RUPEE-USD

Rupee gains 18 paise against dollar

Mumbai, Aug 9, 2018 (BSS/PTI) – Rising for the third day, the rupee firmed
up by 18 paise to 68.45 against the US dollar in opening trade today on
continued selling of the American currency by exporters and banks amid
foreign capital inflows.

Forex dealers said besides sustained selling of the greenback, a higher
opening of the domestic equity markets boosted the local unit at the
interbank forex market.

However, the dollar’s strength against some currencies overseas capped the
gains.

Yesterday, the rupee had gained by 5 paise to end at 68.63 against the US
currency.

The benchmark BSE Sensex rose 162.56 points, or 0.42 per cent, to hit an
all-time high of 38,050.12. The NSE Nifty too scaled a new peak of 11,495.20
in early trade today.

BSS/PTI/HR/1200