Mumbai: The Indian rupee on Wednesday opened higher 10 paise to Rs 65.35 against the US Dollar in early trade, imitating a strong beginning in stock markets. The fresh trading of American currency by banks and exporters brought increase in the rupee.
Traders further conveyed that, shares commenced on firm note, which made the local currency appreciated ground. They further added that US President Donald Trump’s tax regime plan schedule to be revealed.
On Tuesday the local currency lowered 35 paise to hit a fresh six-month decrease of Rs 65.45 against the US Dollar because of higher demand for the US currency from importers. On Tuesday Foreign depositor stood net sellers in domestic equity markets and sold stocks worth Rs 1180.62 crore with gross purchases and gross sales of Rs 5521.81 crore and Rs 6702.43 crore, correspondingly.
The Global benchmark Sensex revive 197.70 points, or 0.70 per cent, to 31,797.46 in the commencing dealing.