Rupee firms up 5 paise against dollar
After breaking its 3-day losing streak, rupee edged higher by 5 paise and continues firming up against the weakening dollar.business Updated: May 29, 2015 10:46 IST
The rupee edged higher by 5 paise to 63.75 against the dollar in early trade on Friday at the Interbank Foreign Exchange due to increased selling of the US currency by exporters and banks.
Forex dealers said, a higher opening in domestic stock market and a weakening dollar against other currencies overseas backed up the rupee.
The rupee had snapped its 3-day losing streak against the US dollar by ending 21 paise higher at 63.80 in Thursday's trade.
Meanwhile, the benchmark BSE Sensex recovered 50.13 points, or 0.18%, to trade at 27,556.84 in early trade on Friday.