Rupee appreciates 8 paise to 81.96 against U.S. dollar
The Hindu
The rupee recovered 8 paise to 81.96 against the U.S. dollar in the early trade on June 27 after gains in domestic equities and a weak greenback in overseas markets.
The rupee recovered 8 paise to 81.96 against the U.S. dollar in the early trade on June 27 after gains in domestic equities and a weak greenback in overseas markets.
The domestic currency opened higher at 82.02 against the dollar at the interbank foreign exchange market. It moved in a tight range of 81.95 to 82.02 in the early trade.
The rupee traded at 81.96 against the U.S. dollar at 9.45 a.m., registering a gain of 8 paise over the previous close of 82.04.
The dollar index, which gauges the greenback's strength against a basket of six currencies, traded lower by 0.07% at 102.63.
Crude oil price benchmark Brent crude was up 0.44% at $74.51 per barrel.
"... 81.75-55 level appears more possible now, and we will switch to upside view if above 82.1 only," Anand James, Chief Market Strategist at Geojit Financial Services, said.
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