Advertisement

HindustanTimes Tue,16 Sep 2014

Rupee trims initial gains vs dollar, still up 13 paise

PTI  Mumbai, November 19, 2013
First Published: 10:15 IST(19/11/2013) | Last Updated: 11:13 IST(19/11/2013)

The rupee trimmed its initial gains against dollar but was still quoted up by 13 paise to 62.28 per dollar on selling of dollars by banks and exporters on the back of sustained capital inflows into equity market by foreign funds amidst firm equities.

Advertisement

The rupee resumed higher at 62.20 per dollar as against the last closing level of 62.41 per dollar at the Interbank Foreign Exchange (Forex) Market and moved up further to 62.10 per dollar.

However, it failed to maintain initial gains and was quoted at 62.28 per dollar at 1040hrs on mild demand for the greenback from importers.

It hovered in a range of 62.10 per dollar and 62.33 per dollar during the morning deals.

In the global market, the US dollar pared losses against other major currencies yesterday as investors considered when the Federal Reserve may begin to scale back its bond-buying programme.

Meanwhile, the Indian benchmark sensex continued its firm trend in the late morning trade and was quoted higher by 72.38 points or 0.35 per cent to 20,923.12 at 1040hrs.


Advertisement
more from Business

Govt to decide on diesel deregulation after state polls

The local prices of the fuel are currently higher than the global rates, making a case for a cut in retail prices.This is for the first time this has happened,  due to a sustained monthly rise in local prices since January 2013.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved