Forex

Rupee rebounds 31 paise to 64.73

PTI Mumbai | Updated on February 23, 2018 Published on February 23, 2018

The rupee recovered by 17 paise to 64.87 against the dollar in early trade.

In line with domestic equities, the rupee on Friday regained strength to close at 64.73 a dollar, advancing by 31 paise, amid indication that the US Federal Reserve may go slow on rate hikes.

Besides, heavy dollar unwinding by traders and exporters supported the rupee recovery.

Expectation of robust capital inflows into local equity and debt markets apparently lifted the trading mood, a forex dealer commented.

Published on February 23, 2018
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