The Indian rupee carried on to rose higher against the USD in early trades today, on increased selling of the American currency by banks as well exporters. Further, the dollar’s weakness against other currencies overseas, continued foreign fund inflows and a higher opening in domestic equity market also aided the rupee’s thrust. The domestic currency opened at Rs 66.63 against the USD but plunged to a low of 66.66 during the day. The rupee had ended 4 paise higher at 66.67 in yesterday’s trade, rising for the second straight day.
Back to Indian stock market update, At 1:15 pm today, the BSE Sensex was trading at 28,859.35, down 140.20 points, while the broader Nifty50 was ruling at 8,907, down 39.75 points.