Advertisement

HindustanTimes Fri,18 Apr 2014

Rupee up 20 paise against dollar in early trade

PTI  Mumbai, December 05, 2012
First Published: 11:26 IST(5/12/2012) | Last Updated: 11:28 IST(5/12/2012)

The rupee today rose by 20 paise to 54.48 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks.

Advertisement

Besides, a higher opening in the domestic equity market and strengthening of euro, which hovered at seven-week high against the American currency overseas, supported the rupee, forex dealers said.

Meanwhile, the BSE benchmark index Sensex extended yesterday's gains by rising 102.67 points, or 0.53 per cent, to 19,450.79 in early trade today.

The rupee had gained nine paise to close at 54.68 against the dollar yesterday on investor hopes of Parliament giving approval to FDI in multi-brand retail amid sustained selling of the US currency.

Advertisement
more from Business

Rajat Gupta to surrender on June 17 in insider trading case

Gupta was convicted in June 2012 on securities fraud and conspiracy charges for having fed tips, from Goldman board meetings in the second half of 2008, to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved