Rupee makes more gains, up 16 paise against dollar

DN Bureau
Mumbai/ 5 January 2017.
The rupee firmed up 16 paise to 67.89 against the dollar on Thursday after the US currency saw higher selling by exporters and banks amid a higher opening in the domestic stock market.


Forex dealers said weakness in the greenback against other currencies overseas gave the rupee some relief.


Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.


On Wednesday, the domestic unit ended higher by 28 paise at 68.05 following a fresh bout of dollar selling.


Meanwhile, the benchmark BSE Sensex rose 171.39 points, or 0.64 per cent, to 26,804.52, in early session today. (PTI)


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