Dynamite News
Rupee rises 6 paise to 68.92 against USD in early trade
The rupee appreciated by 6 paise to 68.92 against the US dollar in early trade on Thursday amid positive opening in domestic equity market.
Mumbai: The rupee appreciated by 6 paise to 68.92 against the US dollar in early trade on Thursday amid positive opening in domestic equity market.
Forex traders said heavy buying in domestic equity market supported the domestic unit, however, foreign fund outflows and rising crude oil prices weighed on local currency.
The domestic currency had settled at 68.98 against the US dollar on Wednesday.
Brent crude futures, the global oil benchmark, rose 0.19 per cent to trade at USD 63.30 per barrel. Domestic bourses opened on a bullish note Thursday with benchmark indices Sensex trading 320.35 points higher at 38,168.00 and Nifty up 83.60 points at 11,354.90. (PTI)