Rupee gains 18 paise to 81.08 against U.S. dollar in early trade
The Hindu
Forex traders said weak domestic equities and foreign fund outflows weighed on the rupee and restricted the appreciation bias.
The rupee appreciated 18 paise to 81.08 against the U.S. dollar in early trade on Friday supported by a weak dollar in the overseas market.
Forex traders said weak domestic equities and foreign fund outflows weighed on the local unit and restricted the appreciation bias.
At the interbank foreign exchange, the domestic unit opened at 81.11 against the dollar, then gained further ground to touch 81.08, registering a rise of 18 paise over its previous close.
On Thursday, the rupee appreciated by 4 paise to close at 81.26 against the U.S. dollar.
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