Rupee Gains 26 paise Against US Dollar As Sensex Rallies To Lifetime High

The Indian rupee gained as much as 26 paise in the early morning trades against the US dollar on Monday on the back of positive cues from the domestic markets hitting fresh record highs. The rupee added 26 paise to 63.38 apiece US dollar at the inter bank foreign exchange market on Monday. The domestic currency opened strong at 63.45 against the previous close of 63.63 per dollar as stock markets soared to record levels after strong economic data. The Reserve Bank of India fixed the reference rate of the rupee at 63.5263 against the US dollar on Friday. Earlier on Friday last week, the rupee surrendered most of its early strong gains but eventually managed to end higher by a modest 3 paise at 63.63 against the US dollar. The rupee lost 26 paise against the US dollar in the last week. For Any More Information Please Visit : www.paceresearchindia.com and Call : 881777477