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Rupee jumps to 68

Rupee jumps to 68.57 on dollar selling

Mon July 09 2018

 

The rupee appreciated by 30 paise to 68.57 against the US dollar in early tradey at the forex market today on increased selling of the greenback by exporters and banks.

 

According to forex dealers, a strong domestic equity market and the dollar’s weakness against some currencies overseas after US jobs data showed slower-than-expected wages growth also supported the rupee.

 

On Friday, the rupee had ended strong by 8 paise at 68.87, in line with key Asian units and a weak dollar overseas. Meanwhile, the benchmark BSE Sensex rose 244.84 points, or 0.69 per cent, to 35,902.70 in early trade.

 

Source: https://www.thehindubusinessline.com/

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