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Rupee up 24 paise against dollar in early trade

Wednesday, 26 March 2014 - 10:11am IST | Place: Mumbai | Agency: PTI

The rupee strengthened by 24 paise to touch a seven-month high of 60.24 against the US dollar in early trade on Wednesday on continued selling of the American currency by exporters amid sustained foreign capital inflows.

Early gains in domestic equity markets, which climbed to a new record high also helped the rupee post gains but dollar's strength against other currencies overseas on data showing US consumer confidence reaching a six-year high, capped the gains, they added.

The rupee had gained 29 paise to close at a seven-month high of 60.48 against the US dollar yesterday on sustained selling of the American currency by exporters and banks.

Meanwhile, the benchmark BSE Sensex rose by 107.31 points, or 0.48 per cent, to hit a new lifetime high of 22,162.52 in early trade. 

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