Advertisement

HindustanTimes Thu,17 Apr 2014

Rupee continues to rule firm against dollar, up by 11 paise

PTI  Mumbai, April 08, 2013
First Published: 10:02 IST(8/4/2013) | Last Updated: 12:17 IST(8/4/2013)

The rupee continued to rule firm against the American currency in the late morning trade and was quoted up by 11 paise to 54.70 per dollar on selling of dollars by banks and exporters.

Advertisement

The rupee resumed slightly higher at 54.80 per dollar against the last weekend's level of 54.81 per dollar at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 54.67 per dollar and 54.83 per dollar before quoting at 54.70 per dollar at 1040hrs.

Persistent selling of dollars by banks and exporters mainly boosted the rupee value against the dollar, a forex dealer said.

In Los Angeles, Japan's currency fell in the early trade following a report that the nation's central bank is planning a massive bond purchase.

The US dollar during the early Asian trading bought 98.44 yen, up from a settlement around 97.33 late Friday in North American trade.

Meanwhile, the Indian benchmark Sensex moved up by 18.45 points, or 0.10 per cent to 18,468.68 at 1040 hrs.

Advertisement
more from Business

RBI raises $3.3 billion in biggest-ever bond auction

The Reserve Bank of India on Thursday fully sold the 200 billion rupees ($3.31 billion) worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved