Rupee gains 9 paise to 68.56 against US dollar


Mumbai: Today the Indian rupee firmed up 9 paise to 68.56 against the dollar in early trade, increasing for the second straight day on augmented selling of the US currency by exporters and banks.

 Forex dealers have also further conveyed that a superior commencing in the domestic equity market and expectations of encouraging GDP data to be released afterward in the day, also supported the rupee.

Though, the dollar’s powered next to some currencies abroad — following stronger-than-expected third-quarter US growth data, superior housing prices in September and a sharp rebound in consumer confidence in November — capped the increases.

 The rupee had staged a modest recovery from its fresh 2016 inferior by appreciating 11 paise against the US greenback to conclude at 68.65 in yesterday’s buy and sell.

Today the benchmark BSE Sensex rose 90.06 points, or 0.34 per cent, to 26,484.07 in near the beginning trade.