Rupee extends gains for second straight day : 5 Jan 2017

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The spot rupee extended gains for the second straight day, on the back of higher selling in US currency amid firm start in domestic stock market.

Yesterday, the Indian currency ended with a gain of 28 paise at 68.05.

This morning, the spot rupee opened higher by 14 paise at 67.90 as against the US dollar, and touched a high at 67.94.

Currently, the domestic currency is up 12 paise at 67.92.

Meanwhile, Rupee January futures are also up 16 paise at 68.06 per dollar.

Around 2,64,483 contracts have changed hands at the counter, while the open interest has increased more than 3.5 percent on the NSE.

Compared to the European currency, the Indian rupee, however, has slipped 46 paise at 71.50.

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