Rupee gains 11 paise to 66.83 against Dollar in early trade


MUMBAI: On Friday the Indian rupee raised by 11 paise to 66.83 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the American currency by exporters. Forex dealers has also further conveyed that, besides, the retail inflation in September decreasing to 13-month inferior of 4.31 per cent and a superior commencing of the domestic equity market also supported the rupee, but dollar’s strength next to some currencies abroad capped the increases.

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The rupee had mislaid 41 paise, its biggest one-day decrease in over three months, to close at fresh three-week inferior of 66.94 against the dollar on Thursday on renewed concerns over potential interest rate hike by the US Federal Reserve.

Today meanwhile, the benchmark BSE Sensex recovered by 69.68 points, or 0.25 per cent, to 27,712.79 points in near the beginning buy and sell.

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