Continuing its rising streak for the fourth straight day, the rupee today appreciated by 94 paise to 64.30 in early trade against the dollar at the Interbank Foreign Exchange market. The rupee had settled at 77 paise higher at 65.24 against the dollar on Friday. The forex and money markets remained closed yesterday on account of Ganesh Chaturthi. The local currency has spurted 239 paise, or 3.53 per cent, in the past three sessions. Traders said, the rupee is supported by persistent dollar selling by exporters and banks and a higher opening in the equity market amid measures announced by the RBI last week to curb the domestic currency's slide. The dollar's weakness against other currencies overseas also supported the rupee's sentiment.
News On AIR | September 10, 2013 10:38 AM
Rupee continues rising streak; up 94 paise at 64.30 in early trade