Rupee builds on surge, up 9 paise against dollar

Mumbai: A day after it surged to a 16-month high on higher expectations of bold reforms, the rupee made a positive start -- though muted -- by rising 9 paise to 65.73 against the dollar today, backed by foreign inflows.

Also Read | Rupee slides 9 paise against dollar in early trade

Yesterday, the rupee had jumped a massive 78 paise to end at 65.82, a nearly one-and-a-half year high, amid expectations that BJP's emphatic victory in Uttar Pradesh will embolden the government to go for more reforms.

Also Read | Rupee falls 11 paise against US dollar in early trade

Meanwhile, the benchmark BSE Sensex rose by another 26.22 points, or 0.08 per cent, at 29,468.85 in early trade today. (PTI)

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