The rupee was trading one paisa higher against the US dollar at 62.63 in early morning deals on Friday.(Reuters File Photo)
The rupee was trading one paisa higher against the US dollar at 62.63 in early morning deals on Friday.(Reuters File Photo)

Rupee opens flat against US dollar in early trade

On Thursday, the rupee had ended marginally 2 paise higher at 66.64 against the US dollar despite a caution among investors ahead of trade talks between China and the US.
Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON MAY 04, 2018 10:26 AM IST

The rupee edged one paisa higher to 62.63 against the US dollar in early trade on Friday, after the greenback weakened overseas ahead of monthly US jobs report and China-US trade meet outcome.

Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies as senior Chinese and US officials met in Beijing today for a second day of trade talks, supported the domestic unit.

Investors are also keeping an eye on the US employment report for April for further indications of the strength of the US labour market and inflation pressures, they added.

On Thursday, the rupee had ended marginally 2 paise higher at 66.64 against the US dollar despite a caution among investors ahead of trade talks between China and the US.

Meanwhile, the benchmark BSE Sensex rose by 103.41 points, or 0.29% to 35,206.55 in opening trade on Friday.

SHARE THIS ARTICLE ON
Close
SHARE
Story Saved
OPEN APP