Rupee gains 8 paise to trade at one-week high

The rupee firmed up by 8 paise to trade at over one-week high of 64.88 against the American currency in opening trade today on dollar selling by exporters and banks amid foreign capital inflows.

Mumbai: The rupee firmed up by 8 paise to trade at over one-week high of 64.88 against the American currency in opening trade today on dollar selling by exporters and banks amid foreign capital inflows.

Also Read: Silver falls on muted demand, gold ends steady

The dollar's weakness against other currencies overseas after a key advocate for free trade in the White House announced his resignation, fanning fears that President Donald Trump would go ahead with import tariff hike and risk a trade war, also supported the rupee sentiment, a currency dealer said.

Yesterday, the rupee had gained 16 paise to close at 64.96 on steady unwinding of dollars by exporters and corporates.

Also Read: India's first 4G LTE telecom system unveiled

Meanwhile, the benchmark BSE Sensex was down by 131.13 points, or 0.39 per cent, to trade at 33,186.07 in morning trade. (PTI)