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Wednesday, 4 January 2017

Rupee bounces 12 paise on dollar's global weakness

MUMBAI: The rupee solidified by 12 paise to 68.21 against the US dollar on Wedesday at the Interbank Foreign Exchangeafter offering of the American money by exporters and banks increased.

Merchants said crisp offering of the American unit and the dollar's shortcoming against different monetary standards abroad, notwithstanding yen, gave the rupee more muscle.

Assist, a higher opening in the local value showcase bolstered the rupee uptrend, they included.

On Tuesday, the rupee had lost 11 paise to close at a crisp one-month low of 68.33 against the American coin on substantial dollar request from corporates and merchants.

In the mean time, the benchmark BSE Sensex climbed 58.55 focuses, or 0.21 for every penny, to 26,701.79 in morning exchange.