Advertisement

HindustanTimes Mon,22 Dec 2014

Rupee trims initial gains vs dollar, still up by 3 paise

PTI  Mumbai, January 08, 2014
First Published: 10:10 IST(8/1/2014) | Last Updated: 11:43 IST(8/1/2014)
The rupee trimmed its initial gains and was still quoted up by three paise to 62.27 per dollar as banks and exporters sold the US currency.
 
The rupee resumed higher at 62.20 per dollar as against the last closing level of 62.30 at the Interbank Foreign Exchange (Forex) Market and firmed up further to 62.16.
 
However, it trimmed its initial gains but was still up by three paise to 62.27 per dollar at 10:45am.
 
It hovered in a range of 62.16-62.27 against the dollar during the morning deals.
 
In New York market, the dollar rose against most rivals yesterday as investors awaited the next day?s release of minutes from the Federal Reserve's December meeting.
 
The European Central Bank and the Bank of England will release the monetary policy decisions on Thursday and investors are also watching for December's jobs report on Friday.
 
Meanwhile, the Indian benchmark BSE Sensex rose by 69.64 points, or 0.34%, to 20,762.88 at 10:45am.

Advertisement
more from Business

Sensex extends gains, up 87 points in early trade

The benchmark BSE Sensex gained over 87 points in early trade on Monday on mild buying by funds and investors amid robust global trends coupled with positive domestic sentiments after the introduction of GST Bill in the Lok Sabha on Friday.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved