Dynamite News
Rupee rises 9 paise to 69.47 vs USD in early trade
The rupee appreciated by 9 paise to 69.47 against the US dollar in early trade Thursday driven by weakening of the greenback in overseas markets and sustained foreign fund inflows.
Mumbai: The rupee appreciated by 9 paise to 69.47 against the US dollar in early trade Thursday driven by weakening of the greenback in overseas markets and sustained foreign fund inflows.
The local unit, however, pared some gains and was quoted at 69.54 against the American currency at 0951 hrs.
The rupee had settled at 69.56 against the US dollar on Tuesday. Currency market was shut on Wednesday on account of Maharashtra Day.
Domestic bourses opened on a cautious note Thursday with benchmark indices Sensex trading 43.96 points up at 39,075.51 and Nifty down 7.15 points at 11,741.00. Meanwhile, the US Federal Reserve officials held key interest rates steady amid lack of inflationary pressures.