Rupee gains 8 paise against US dollar
At 10 am, the rupee was trading 8 paise higher against the US dollar at 67.41 per dollar.business Updated: Jun 11, 2018 10:04 IST
The rupee rose 8 paise against the US dollar to 67.41 in early trade on Monday, amid weakness in the greenback against other currencies overseas ahead of key central bank policy meetings and the US-North Korea summit this week.
Besides, selling of the American currency by exporters and banks and a higher opening in the domestic equity market influenced the rupee uptrend, forex dealers said.
On Friday, the rupee had plunged by 38 paise or 0.57% to close at a fresh one-week low of 67.50 against the US currency amid worries over rising global crude prices and capital outflows.
Meanwhile, the benchmark BSE Sensex rebounded by 148.70 points, or 0.41%, at 35,592.37 in early trade on Monday.
First Published: Jun 11, 2018 10:03 IST