Mumbai: The rupee appreciated by another 16
paise to 64.73 against the dollar in early trade today amid
sustained selling of the American currency by exporters and
banks.
Forex dealers said that apart from weakness in the dollar
against major currencies overseas, robust foreign fund inflows
supported the rupee.
According to the provisional exchange data, FPIs invested
Rs 3,582.50 crore on net basis in equities yesterday. Stock markets opening lower however restricted the rupee
gains, a dealer said.
Yesterday, the rupee had gained 18 paise against the US
dollar to end at a fresh one-week high of 64.89 at the
interbank foreign exchange on late selling of the greenback by
exporters and corporates.
Meanwhile, the benchmark BSE Sensex retreated from record
highs, falling by 207.44 points or 0.62 per cent to 32,835.06
in early trade today.
