Persistent capital inflows from foreign funds into equity market also boosted the rupee value against the dollar, a forex dealer said.

The domestic unit resumed higher at 61.15 per dollar as against the last closing level of 61.34 at the Interbank Foreign Exchange (Forex) Market. It firmed up further to 61.02 before quoting at 61.06 per dollar at 1000 hrs. It moved in a range of 61.15 and 61.02 per dollar during the morning deals.
   
In the New York market, US dollar extended gains against the euro but edged down against the yen on Thursday, as investors assessed the possibility of an increase in US interest rates coming sooner than previously expected.
   
Meanwhile, the Indian benchmark 30-share index Sensex moved up by 37.30 points or 0.17 percent to 21,777.39 at 1000 hrs.

(Agencies)

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Rupee recovers by 28 paise, trades at 61.06 Vs dollar

       

Mumbai:  Moving in line with equity market, the rupee on Friday recovered by 28 paise to 61.06 against American currency in morning trade on fresh selling of dollars by banks and exporters due to weakness of US unit in the overseas market.

       

Persistent capital inflows from foreign funds into equity market also boosted the rupee value against the dollar, a forex dealer said.

 

The domestic unit resumed higher at 61.15 per dollar as against the last closing level of 61.34 at the Interbank Foreign Exchange (Forex) Market. It firmed up further to 61.02 before quoting at 61.06 per dollar at 1000 hrs. It moved in a range of 61.15 and 61.02 per dollar during the morning deals.

       

In the New York market, US dollar extended gains against the euro but edged down against the yen on Thursday, as investors assessed the possibility of an increase in US interest rates coming sooner than previously expected.

       

Meanwhile, the Indian benchmark 30-share index Sensex moved up by 37.30 points or 0.17 percent to 21,777.39 at 1000 hrs.