Rupee raises 28 paise against dollar in early trade

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MUMBAI: Rupee strengthened by 28 paise to 65.13 against the dollar in early trade on Monday on expanded offering of the US currency by banks and exporters.

Dealers said expanded offering of the American unit by exporters and banks, and the dollar’s weaknesss against different currencies overseas in the midst of expanded distrust of US President Donald Trump’s capacity to actualize his economic agenda after a week ago’s fizzled US social healthcare deal supported the rupee.

In any case, they said a lower opening of the domestic equity market the pick up.

On Friday, the rupee had picked up 11 paise to end at 65.41 against the American cash on crisp episodes of dollar offering by exporters and banks.

In the mean time, the benchmark BSE Sensex fell by 96.80 points, or 0.32 for per cent, at 29,324.60 in early session today.

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