Advertisement

HindustanTimes Tue,30 Sep 2014

Rupee up 2 paise against dollar in early trade

PTI  Mumbai, September 04, 2014
First Published: 11:43 IST(4/9/2014) | Last Updated: 11:45 IST(4/9/2014)

The rupee strengthened by two paise to 60.47 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market on sustained foreign funds inflow amid increased selling of the American currency by exporters and banks.

The rupee had closed 19 paise higher at 60.49 against the dollar in Thursday's trade on weakening of the US currency amid reports of Russia and Ukraine agreeing to a ceasefire and continuing rise in local equities and sustained foreign funds inflows.

Forex dealers said increased selling of the American currency by exporters and banks supported the rupee but a lower opening of the domestic equity market and dollar's rise against other currencies overseas restricted the gains.

Meanwhile, the benchmark BSE Sensex fell by 74.28 points, or 0.27%, to 27,065.66 in early trade on Thursday.


Advertisement
more from Business

RBI keeps key interest rate unchanged

Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday kept the central bank’s key lending rate unchanged. Rajan retained the repo rate - the rate at which banks borrow from RBI - at 8%.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved