Rupee gains 13 paise against USD


The rupee rose 13 paise to 67.82 against the US dollar in early trade on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic equity markets.

rupeeForex dealers said apart from selling of the American unit by exporters and banks, weakness in the dollar against other emerging market currencies overseas, supported the rupee.

Further, a higher opening in the domestic equity market influenced the rupee’s uptrend, they added.

On Wednesday, hit by global growth concerns, the rupee crashed below the 68-level after 28 months and closed 30 paise down at 67.95 on fresh demand for the US currency from importers amid a massive fall in domestic stock markets.

Meanwhile, the benchmark BSE Sensex recovered by 252.75 points, or 1.05 per cent, at 24,314.79 in early trade today.