Advertisement

HindustanTimes Thu,21 Aug 2014

Rupee gains 15 paise against dollar

PTI  Mumbai, July 19, 2012
First Published: 11:31 IST(19/7/2012) | Last Updated: 11:33 IST(19/7/2012)

The rupee on Thursday strengthened by 15 paise to trade at 55.33 against the US dollar in early trade on the Interbank Foreign Exchange, as the American currency weakened against other currencies overseas.


Advertisement

In addition, dollar selling by banks and exporters and a higher opening in the equity market also supported the rupee.

Dealers said apart from gains in euro and the Asian currencies against the American currency overseas, higher opening in the domestic equity market and selling of dollars by exporters and some banks supported the rupee.

The rupee had lost 37 paise to close at 55.48 against the dollar on Wednesday on fresh dollar demand from importers and banks.

Meanwhile, the BSE benchmark index Sensex rose by 128.84 points, or 0.75%, to 17,313.85 in early trade on Thursday.


Advertisement
more from Business

Indian firms tool up for defence orders on Modi's 'Buy India' pledge

Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved