Indian Rupee recovered 13 paise

Indian Rupee recovered to 64.25 against US Dollar on 7th may 2017 early trade on fresh selling of American Currency. In early trade besides a higher opening of domestic stocks and foreign fund inflows kept the domestic unit high spirits.
Dollar recover against other currencies overseas on strong US Jobs report restricted Rupee’s upmove, .
Rupee plunged 20 paise to end at two-week low of 634.38 against US Dollar due to fall in local equities on 5th may 2017. Due to massive fall in local equities amid heightened global volatility took toll on currency market.
BSE Sensex bounced by 78.22 points or 0.26 percent to 29.93702 in early trade.

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