Rupee gains 30 paise in late morning trade
The rupee strengthened further from early gains by 30 paise to 68.43 against dollar in late morning deals in sustained bouts of the American currency selling from banks and exporters amid higher domestic equites.
The rupee opened a tad higher at 68.72 a dollar, against Thursday’s closing of 68.73 at the Interank Foreign Exchange (Forex) market.
Later, the volatile rupee hovered between 68.80 and 68.30 before quoting at 68.43 at 10.30 a.m. on persistent selling of dollar by banks.
The dollar Index was trading lower by 0.05 per cent at 101.64 against a basket of six currencies.
Overseas, the dollar was largely mixed against basket of currencies in early Asian trade, though it rose to an eight-month high against the yen as U.S. bond yields resumed their rise in Asia after the Thanksgiving break shut markets in the United States.
Meanwhile, benchmark BSE Sensex was trading higher at 234.36 points or 0.91 per cent at 26,094.53 at 10.50 a.m.
Source: The Hindu