Rupee rises 14 paise against dollar in early stage
The rupee strengthened 14 paise to 71.19 against the dollar at the interbank forex market on Thursday on increased selling of the American currency by exporters and banks.
Dealers said dollar’s weakness against other currencies overseas amid fears of a slowing global economy and the US government’s record-long shutdown and early gains in domestic equity markets supported the rupee.
On Wednesday, the rupee had snapped its three-day losing streak and settled higher by 11 paise at 71.33 against the US dollar.
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LETTER FROM THE EDITOR: A SPECIAL THANKS TO OUR READERS
LETTER FROM THE EDITOR: A SPECIAL THANKS TO OUR READERS