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Rupee goes up 11 paise to 64.34 against US dollar

Mumbai: The rupee strengthened 11 paise to trade at 64.34 against the US dollar in the morning session on Monday, riding on higher foreign funds inflows.

The domestic currency received a boost from fresh selling of the American unit by exporters and banks amid a better opening in domestic equities.

However, a strong dollar overseas squeezed the rupee’s gains, traders added.

On Friday, the rupee had ended flat at 64.45 against the US currency in an otherwise quiet and range-bound trade amid weaker dollar sentiment overseas.

The benchmark Sensex rose 73.69 points, or 0.23 per cent, to 32,094.44 points in early trade today.

PTI