Rupee up 5 paise to Rs 63.75 against US dollar

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Mumbai: Indian rupee on Tuesday gains 5 paise to Rs 63.75 against the US dollar in near the beginning trade on fresh selling of the American currency by exporters and banks amid a superior commencing in the domestic equity market.

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Forex dealers further stated that, weakness in the dollar next to some other currencies abroad and a superior opening in the domestic equity market supported the rupee.

On Monday, the Indian rupee faced a temporary its two—year high to close at Rs 63.80 a dollar by 22 paise following the four day strong rally lost momentum on sharp recovery of the US currency.

Meanwhile, the benchmark BSE Sensex grew 70.10 points, or 0.21 per cent, to 32,343.77 in near the beginning trade.

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