Rupee rises 14 paise against US dollar in early trade
The rupee appreciated by 14 paise to 73.94 against the US dollar in opening trade on Monday, tracking a massive rally in domestic equity markets after Joe Biden was declared as the winner of the US presidential election. Forex dealers said a weak dollar overseas and persistent foreign fund inflows also supported the local unit. At the interbank forex market, the domestic unit opened strong at 73.95 against the US dollar, then gained a little more to 73.94, registering a rise of 14 paise over its previous close. In the…
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