Logo

Logo

# Business

Rupee surges 39 paise against US dollar in early trade

The rupee strengthened by 39 paise to 67.39 against the dollar at the interbank forex market on 28 May on fresh selling of the greenback by exporters and banks.

PTI | New Delhi | May 28, 2018 9:50 am

Rupee surges 39 paise against US dollar in early trade

Representational Image (Photo: Getty Images)

The rupee strengthened by 39 paise to 67.39 against the dollar at the interbank forex market on 28 May on fresh selling of the greenback by exporters and banks.

Dealers said dollar’s weakness against some other currencies overseas, on cooling global crude prices, and early gains in domestic equity markets supported the rupee.

On Friday, the rupee had clocked its biggest single-session rally since March 14, 2017, surging by a whopping 56 paise to close at 67.78 against the US dollar.

Advertisement

The benchmark BSE Sensex rose by 156.67 points, or 0.44 per cent, to 35,081.54 in opening trade today.

Advertisement

Related posts

# Opinion

Rupee Surge

The Indian rupee’s surge to a two-month high on Thursday signals a broader shift in the global economic landscape, influenced not just by domestic factors but by international dynamics as well.

# Opinion

Rupee Resilience

The Indian rupee’s stability, despite external pressures from weak Asian currencies and rising US bond yields, highlights a nuanced approach by the Reserve Bank of India (RBI) in managing the currency.