Rupee strengthened by 19 paise to 64.13 against the US dollar
In opening trade on Wednesday, the rupee strengthened by 19 paise to 64.13 against the US dollar aided by stronger domestic equities. The US dollar hit a five-month low against the yen after Japan s economy recorded its longest growth streak in 28 years. Industrial output grew 7.1 percent in December and selling of the American currency by exporters supported the rupee, forex dealers said. On Monday, the rupee had ended 8 paise higher to end at 64.32 against the dollar on fresh selling of the American currency by exporters and banks in line with the strong domestic equity market. The benchmark BSE Sensex rose 172.96 points, or 0.50 percent, to trade at 34,473.43, while the NSE Nifty climbed 41.50 points, or 0.39 percent, to 10,581.25 today. -PTC News
