Advertisement

HindustanTimes Sun,21 Dec 2014

Rupee up 21 paise against dollar in late morning trade

PTI  Mumbai, October 30, 2012
First Published: 10:26 IST(30/10/2012) | Last Updated: 11:38 IST(30/10/2012)

The rupee gained 21 paise to 53.87 against the American currency in late morning trade on fresh selling of dollars by banks ahead of the Reserve Bank's policy meeting.

Advertisement

The rupee resumed marginally lower at 54.10 per dollar at the Interbank Foreign Exchange (Forex) Market on good dollar demand from banks on the back of higher dollar in the overseas market.

The local unit, however, recovered initial losses and rose to 53.86 before quoting at 53.87 at 1040 hrs on selling of dollars by banks.

In New York, the US dollar edged up as Hurricane Sandy menaced the East Coast on Monday, sparking modest, haven-related buying in thin trade as market participants braced for the potential devastation from the storm.

Meanwhile, the BSE benchmark Sensex firmed up by 41 points, or 0.22%, to 18,676.53 at 1045 hrs.


Advertisement
more from Business

Year-end high: Flipkart announces $700 million funding

Flipkart, India’s largest e-commerce marketplace, on Saturday announced a US $700 million (Rs 4434 crore) investment even as 2014, the year that has seen huge fund flow into India’s rising consumer internet industry, is about to end.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved