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# Business

Rupee jumps 11 paise against dollar to 65.25

The rupee appreciated by 11 paise to 65.25 against the dollar today as rising risk appetite pushed back the US…

PTI | Mumbai | October 10, 2017 10:19 am

Rupee jumps 11 paise against dollar to 65.25

Rupee and US dollar (Photo: Getty Images)

The rupee appreciated by 11 paise to 65.25 against the dollar today as rising risk appetite pushed back the US currency amid a higher opening in domestic equities.

The risk-on approach pushed exporters and banks increasingly away from the dollar.

The greenback ran out of luck overseas too, snapping its winning streak, as it fell against major peers.

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The rupee uptrend got a leg-up from a positive opening in the local stock market, according to traders.

Yesterday, the domestic unit ended marginally up by 2 paise at 65.36 against the American currency in a highly fluctuating trade.

The benchmark BSE Sensex today rose further by 110.72 points, or 0.34 per cent, to 31,957.61.

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