Equity benchmarks hit fresh record high again in opening on Tuesday, with the Sensex trading above 34,400 level.
The rupee traded higher by 1 paise at 63.50 against the US dollar in morning on fresh selling of the American currency by exporters and banks amid early gains in stocks.
Forex dealers said persistent inflows of foreign funds and weakness in the dollar against other currencies overseas supported the domestic unit.
Yesterday, the rupee had retreated from its near three-year high and ended lower by 14 paise at 63.51 against the US currency on fresh bouts of dollar demand amid concerns over the sluggish outlook for economic growth.
Buzzing: Shares of Aarti Drugs touched 52-week high of Rs 784.80, rising 7 percent in the early trade on approval of buyback of shares.
The board of directors of the company in their meeting held on January 8 has approved the buyback of up to 2,75,000 fully paid up equity shares of face value of Rs 10 each.
The board has fixed the buyback price at Rs 875 per equity share payable in cash for an aggregate amount of upto Rs 24,06,25,000, which is being 5.97 percent of the fully paid-up equity share capital and free reserves as per the standalone audited balance sheet of the company as on September 30, 2017.
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