Rising for the sixth straight day, the rupee strengthened by 8 paise to 63.32 against the dollar in early trade on Tuesday at Interbank Foreign Exchange on sustained selling of the American currency by exporters and banks.

    Forex dealers said increased capital inflows as well as higher opening in the domestic equity supported the rupee. They said, however, greenback's strength against other currencies overseas capped the gains.

    The rupee had ended higher by 4 paise to 63.40 against the US currency in Monday's trade following consistent selling of dollar by banks and exporters.

    Meanwhile, the benchmark BSE Sensex rose by 122.04 points or 0.43% to 28,330.80 in early trade.

BHEL 2011/12 provisional net profit up 14%

  • Reuters, New Delhi
  • |
  • Updated: Apr 03, 2012 13:05 IST

State-run Bharat Heavy Electricals Ltd said on Tuesday its provisional net profit rose 14.3% to 68.7 billion rupees ($1.35 billion) fo r the just concluded 2011/12 fiscal year.

The country's top power equipment maker said provisional turnover was 493.01 billion rupees in the last fiscal year that ended on March 31, up 13.8% from 2010/11.

BHEL order inflows during 2011/12 were 220.96 billion rupees, 63.5% lower than the inflows in the previous fiscal year, the company said in a statement.

Shares in the firm, valued by the market at $12.5 billion, were trading 1.8% higher in a firm Mumbai market at 12:41 pm.

The stock has gained more than 11% value so far in 2012, compared with a 14% gain in the main stock index during the same period.

 

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Rupee gains 8 paise against dollar in early trade

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