Rupee moves up 10 paise against dollar

Mumbai: The rupee rose 10 paise to 64.01 against the dollar today as the US Congress gave its final seal of approval to a sweeping tax legislation.

Dubbed as the biggest overhaul of the US tax code in 30 years, the Bill slashes taxes for corporates as well as the middle class.

A positive start from equities created more room for the rupee.

In the opening session, the domestic unit went up 10 paise to 64.01. Yesterday, it had lost 7 paise at 64.11 against the US currency due to dollar demand from importers.

The benchmark BSE Sensex rose 83.61 points, or 0.24 per cent, to 33,860.99, in early session today.

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