Rupee gains 13 paise against dollar

PTI Updated - March 12, 2018 at 05:26 PM.

Dollar's weakness against a basket of currencies, strong gains in equities supported the rupee.

 

The rupee closed 13 paise higher against the dollar at 65.04 at the interbank forex market today on fresh selling of the greenback by exporters and banks amid foreign capital inflows.

The rupee opened at 64.94 and traded between 65.06 and 64.94 in intra-day trade.

Dealers said dollar’s weakness against a basket of currencies despite strong US jobs report data and early gains in domestic equity markets supported the rupee.

On Friday, the rupee had lost 3 paise to end at 65.17 against the US dollar.

According to the provisional exchange data, foreign investors bought shares worth Rs 550.36 crore on net basis on Friday.

Published on March 12, 2018 04:16