Rupee jumps 35 paise to Rs 45.80 per US dollar

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Indian money
Mumbai, Aug 29: The Indian rupee shot up by 35 paise to Rs 45.80 per US dollar in early trade today (Aug 29) on fresh selling of dollars by banks and exporters amid hopes of a resumption of capital inflows.

In tandem with a rally in the equity market, the rupee resumed higher at Rs 45.95/96 per dollar on the Interbank Foreign Exchange vis-a-vis last weekend's close of Rs 46.15/16 per dollar and shot up further to Rs 45.80 per dollar before quoting at Rs 45.81/82 per dollar at 1030 hours.

Selling of dollars by banks and exporters on hopes of a resumption of capital inflows in view of the sharp recovery in the equity market mainly boosted the rupee value against the dollar, a forex dealer said.

The Bombay Stock Exchange benchmark Sensex shot up by 352 points, or 2.22 per cent, in early trade today.

PTI

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