MUMBAI: The rupee jumped 9 paisa to 63.08 versus the dollar in early trade on Thursday at the Interbank Foreign Exchange on bigger selling of the US currency among a higher starting in domestic equity stocks.
Forex dealers said besides continued selling of the American currency by exporters and banks, a higher opening in the domestic equity markets supported the rupee but the dollar’s strength against other currencies overseas, limited the gains.
The rupee had bounced back by 40 paise in its sharpest single-day gain in three weeks to end at 63.17 against the Greenback in Wednesday’s trade.
Meanwhile, the benchmark BSE Sensex recovered sharply by 336.88 points, or 1.25%, to 27,245.70 in early trade on Thursday.
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