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Indian Rupee gains 9 paise against US Dollar

The Indian Rupee strengthened by 9 paise to trade at 65.37 against the Dollar in opening trade on Monday on fresh selling…

PTI | Mumbai | March 20, 2017 5:15 am

Indian Rupee gains 9 paise against US Dollar

(Photo: Getty Images)

The Indian Rupee strengthened by 9 paise to trade at 65.37 against the Dollar in opening trade on Monday on fresh selling of the US currency by exporters and banks.

A weak Dollar in overseas markets and selling of the US currency by exporters and banks supported the Rupee in opening trade, forex dealers said.

Further, a higher opening in the domestic equity market and strong FII inflows influenced the Rupee uptrend, they added.

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On Friday, the Rupee had lost 5 paise to end at 65.46 against the US currency on Dollar demand from importers and suspected RBI intervention, ending its four-day dream run.

Meanwhile, the benchmark BSE Sensex rose by 50.49 points, or 0.17 per cent, at 29,699.48 in opening trade.

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