HindustanTimes Wed,23 Jul 2014

Rupee up 19 paise vs dollar in early trade

PTI  Mumbai, July 04, 2013
First Published: 10:05 IST(4/7/2013) | Last Updated: 10:07 IST(4/7/2013)

The rupee today strengthened by 19 paise to 60.02 against the dollar in early trade snapping its three-session falling streak at the Interbank Foreign Exchange market on increased selling of the US currency by exporters.


The local currency had lost 55 paise to close at 60.21 yesterday due to fresh capital outflows and sustained dollar demand from importers.

Dealers said besides increased dollar selling by exporters, a higher opening in domestic equity market and yen's gain against the American currency overseas also helped the rupee to recover.

Meanwhile, the BSE benchmark index Sensex recovered by 170.25 points, or 0.89 per cent, to 19,348.01 in early trade today.

more from Business

Enough material to chargesheet Marans in Aircel-Maxis deal: AG

Attorney General of India Mukul Rohatgi has given a legal opinion to the CBI saying there was enough evidence to prosecute former telecom minister Dayanidhi Maran and his brother Kalanidhi Maran in the Aircel-Maxis deal.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved