Rupee jumps 8 paise against US dollar to 67.57 | business news | Hindustan Times
  • Monday, Jul 23, 2018
  •   °C  
Today in New Delhi, India
Jul 23, 2018-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Rupee jumps 8 paise against US dollar to 67.57

The dollar turned weak against other currencies overseas even after the US Federal Reserve lifted interest rates and signalled two more hikes this year and four in 2019.

business Updated: Jun 14, 2018 12:27 IST
Press Trust of India
Press Trust of India
Press Trust of India, Mumbai
Rupee today,US dollar,Rupee vs dollar
On Wednesday, the domestic unit ended 16 paise down to close at a near one-week low of 67.65 against the US currency on sustained dollar demand.(Reuters File Photo)

The rupee appreciated by 8 paise to 67.57 against the US dollar in early session on Thursday, after the American currency weakened overseas.

Dealers said fresh selling of the greenback by banks and exporters backed up the rupee.

The dollar turned weak against other currencies overseas even after the US Federal Reserve lifted interest rates and signalled two more hikes this year and four in 2019.

On Wednesday, the domestic unit ended 16 paise down to close at a near one-week low of 67.65 against the US currency on sustained dollar demand.

The benchmark BSE Sensex dropped by 126.09 points, or 0.35%, to 35,613.07 in early trade.