Rupee up by 13 paise against USD

Rupee up by 13 paise against USD

Agency News

Mumbai, Sep 6: The Rupee on Thursday moved up by 13 paise to 71.62, on selling of US Dollars by bankers and exporters, dealers at the Forex Market said.

With yesterday record low at 71.75, the domestic unit moved up by 13 paise to 71.62 in early trade on weak dollar against world currencies and rebounding stock market in early trade. A major oscillation was seen during an intraday trade as it registered day high and low at 71.94 and 71.64 respectively, they added.

Finance Minister Arun Jaitley Wednesday attributed the fall in rupee to global factors and stressed that the domestic unit was better off as compared to other currencies. Besides, dollar selling by exporters and banks, fall in crude prices in the global market and weakness in the dollar against other currencies overseas amid US-China trade conflict, helped the domestic currency rebound, forex dealers said. (With input from UNI)