Rupee appreciates 12 paise against dollar to 64.80

Mumbai [India], November 23: The rupee on Thursday spurted 12 paise to 64.80 against the US currency after a rush of dollar supply. This was mostly because banks and exporters increasingly unwound their dollar bets. The benchmark BSE Sensex rose by 45.15 points, or 0.13 per cent, to 33,606.70 in opening session on Thursday.

The US unit came in weak against some currencies overseas. On Wednesday, the rupee had ended marginally lower by 3 paise at 64.92 against the US currency, due to fresh spells of dollar demand from corporates amid global crude oil woes.