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Rupee expands 5 paisa vs dollar in early trade

Rupee expands 5 paisa vs dollar in early trade

MUMBAI::The Rupee become stronger then dollar by 5 paisa to 61.81 in early trade on Wednesday at interbank Foreign Exchange added sellings of the US currency by banks and investors.
Forex dealers said besides increased selling of the American currency, the dollar’s weakness against other currencies overseas also supported the rupee but a lower opening in the domestic equity market, limited the rise.
The domestic currency had gained eight paise to close at 61.86 against the dollar in yesterday’s trade on account of suspected RBI intervention through state-owned banks.