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Rupee gains 17 paise vs dollar in late morning deals


Mumbai:  The Indian rupee gained by 17 paise to 63.99 against the US currency in late morning deals on sustained bouts of dollar selling by banks and exporters.

The rupee resumed higher at 64.14 per dollar as against yesterday’s closing level of 64.16 at the Interbank Foreign Exchange (Forex) market, later it gained further and was quoting at 63.99 at 1105 hours.

The domestic unit moved in a range of 64.14 and 63.99 in the morning trade.

Globally, the US dollar were a tad lower against its major rivals in early Asian trade as investors remained cautious ahead of a two-day US Federal Reserve meeting beginning later this session.

Meanwhile, the benchmark BSE index was trading flat by 4.70 points or 0.02 per cent up at 27,566.08 at 1115 hrs.

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