Mumbai: The rupee pared some gains in late morning deals, up 8 paise at 64.89
against the greenback on dollar-selling by bank and exporters amid
higher domestic equities.
The rupee opened higher at 64.85 per dollar as against last Friday's close of 64.97 at the inter-bank foreign exchange here.
The domestic unit hovered between a high of 64.85 and a low of 64.98 in
morning deals, it was trading higher at 64.89 at 1030 hrs.
Struggling dollar overseas after dismal US jobs data kept the domestic unit higher, a dealer said.
Meanwhile, the US dollar steadied against its peers in early Asian
trade, having retreated late last week due to concerns over US-China
trade tensions and following data that showed the US economy created the
fewest jobs in six months in March.
The 30-share BSE Sensex was trading higher by 161.46 points, or 0.48 per cent, at 33,788.43 at 1040 hrs.
PTI
