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Indian currency rises to 61.58 against dollar in early trade

Indian currency rises to 61.58 against dollar in early trade

MUMBAI: Indian currency raised by 29 paise to trade almost 2-months high of 61.58 against the dollar in early trade on Monday at the Interbank Foreign Exchange on continued selling of the US currency by exporters and banks.

Forex dealers said besides increased selling of the American currency by exporters and banks, a higher opening in the domestic equity market supported the rupee but dollar’s strength against other currencies capped the gains.

The Indian rupee had appreciated by 19 paise to log its over one-month closing high of 61.87 against the greenback in the previous session.