Dynamite News Rupee hits fresh 2-yr high of 63.65 against dollar
The rupee strengthened by 5 paise to trade at a fresh two-year high of 63.65 against the dollar in early trade. Sensex dropped by 78.64 points, or 0.24 per cent, to 32,398.10.
Mumbai: The rupee strengthened by 5 paise to trade at a fresh two-year high of 63.65 against the dollar, buoyed by hopes of more capital inflows, coupled with more selling of the American currency by banks and exporters.
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Rupee pushes up 14 paise on dollar
On Wednesday, the domestic currency had surged 37 paise in its best single-day show this year to breach the psychological 64- level, ending at a fresh two-year high of 63.70. This followed the RBI lowering the repo rate by 0.25 per cent.
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Funds inflows lift rupee to 63.60 against dollar
The benchmark BSE Sensex dropped by 78.64 points, or 0.24 per cent, to 32,398.10 in early session. (PTI)