Rediff.com« Back to articlePrint this article

Rupee gains more, up 15 paise against dollar

July 04, 2016 09:53 IST

Rupee notesStaying with its winning momentum for the fourth consecutive day, the rupee strengthened 15 paise to 67.17 against the dollar on Monday in the forex market on increased selling of the US currency by banks and exporters.

Dealers said a higher opening in the domestic equity market amid hopes of pick-up in foreign capital inflows and a weakening dollar against other currencies overseas added to the rupee's gains.

On Friday, the rupee had risen 20 paise to settle at 1-1/2 week high of 67.32 on persistent dollar selling amid firm equities.

© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.