ZCZC
BCN-09
INDIA-RUPEE-USD
Rupee strengthens 20 paise against US dollar
Mumbai, Aug 27, 2018 (BSS/PTI) – The rupee appreciated by 20 paise to
69.71 against the US dollar in early trade today on increased selling of the
US currency by exporters amid a higher opening of the domestic equity market.
Currency traders said weakness in the dollar against major global
currencies overseas after comments from the Federal Reserve Chairman in
support of a gradual approach to raising rates, supported the rupee.
On Friday, the rupee recovered to end higher by 20 paise at 69.91 against
the US currency on bouts of dollar selling by exporters and corporates.
Meanwhile, the benchmark BSE Sensex increased by 259.42 points, or 0.67 per
cent, to trade at a new lifetime high of 38,511.22, while the NSE Nifty was
up 76.20 points, or 0.66 per cent, at a new peak of 11,633.30 in opening
trade.
BSS/PTI/HR/1130