Rupee snaps 3-day losing run, up 3 paise at 67.65 Vs USD

Snapping its three-day losing streak against the American currency, the rupee recovered by three paise to close at 67.65 Tuesday on fresh selling of dollars by banks and exporters amidst a recovery in equities.  

PTI| Last Updated: Jan 19, 2016, 19:30 PM IST

Mumbai: Snapping its three-day losing streak against the American currency, the rupee recovered by three paise to close at 67.65 Tuesday on fresh selling of dollars by banks and exporters amidst a recovery in equities.

The domestic unit resumed slightly higher at 67.67 per dollar as against yesterday's closing level of 67.68 at the interbank Foreign Exchange (Forex) market.

Later, it gained further to 67.52 on sustained bouts of dollar selling from banks before ending at 67.65, showing a gain of three paise or 0.04 percent.

It had dropped 83 paise or 1.24 percent in previous three trading days.

It hovered in a range of 67.52 and 67.74 per dollar during the day.

The domestic unit hovered in a range of 67.74-67.60 during morning deals.

The dollar index was higher by 0.11 percent against a basket of six currencies in early trade.

Overseas, the dollar rose against the yen in Asian trade today in the late afternoon trade, keeping pace with a gain for Tokyo stocks, and as investors weighed up China economic data.

The US currency gained traction after the release of closely-watched China economic data.

China's gross domestic product expanded 6.8 percent from a year earlier in the October-December quarter, compared with a market consensus for 6.9 percent growth. Last year, China recorded a pronounced deceleration in growth with a 6.9 percent pace, the weakest in a quarter century.