The rupee strengthened by 11 paise to 63.55 against the dollar in opening tradeon Friday on fresh selling of the…
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The rupee strengthened by 11 paise to 63.55 against the dollar in opening tradeon Friday on fresh selling of the US currency by exporters and banks.
Forex dealers said a weak dollar in overseas markets on fears that a huge amount of foreign demand for American currency would dry up bolstered the rupee.
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On Thursday, the rupee had settled lower by 6 paise at 63.66 on fresh bouts of demand for the American currency.
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Meanwhile, the benchmark BSE Sensex rallied by 134.93 points, or 0.39 per cent to hit yet another record high of 34,638.42 in opening trade on Wednesday.
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