The Indian rupee strengthened by 23 paise to a two-month high of 47.87 against the US currency in opening trade on Thursday on dollar selling by exporters.
The Indian rupee strengthened by 23 paise to a two-month high of 47.87 against the US currency in opening trade on Thursday on dollar selling by exporters.
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Dealers said dollar selling by exporters and weaker US currency overseas mainly supported the Indian rupee.
At the Interbank Foreign Exchange (Forex) market, the domestic unit appreciated by 23 paise to quote at almost a two-month high of 47.87 a dollar over the previous close. Yesterday, the rupee closed 13 paise lower at 48.10/11.
The Forex market remained closed yesterday for fiscal half-year book closing.
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