Indian Rupee up 8 paise to 67.86 against US Dollar

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MUMBAI: On Thursday the Indian rupee improved by 8 paise to 67.86 against the dollar in early trade on fresh selling of the US currency by exporters and banks amid a superior commencing in the domestic equity market.

Forex dealers has also further conveyed that, decrease in the US Dollar next to other currencies abroad on disappointing US economic data — showing wholesale price rises and industrial production flat in October — also supported the rupee.

 On Wednesday, the rupee had mislaid 20 paise to conclude at near five-month down of 67.94 against the US currency in a extremely volatile buy and sell amid unabated dollar outflows.

 Meanwhile, the benchmark BSE Sensex recovered by 134.38 points, or 0.51 per cent, to 26,433.07 in near the beginning session Thursday.