HindustanTimes Sun,21 Dec 2014

Rupee up 6 paise vs dollar in early trade

PTI  Mumbai, January 14, 2013
First Published: 10:24 IST(14/1/2013) | Last Updated: 10:27 IST(14/1/2013)

The rupee on Monday recovered by 6 paise to 54.70 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on selling of the US currency by exporters and banks.


Forex dealers said strengthening of euro against the dollar overseas after ECB chief Mario Draghi's positive comments last week about the euro-zone's outlook and a higher opening in the local equity market also supported the rupee.

The rupee had lost 19 paise to close at 54.76 against the dollar on Friday on weak industrial production data and rising trade deficit due to fall in exports.

Meanwhile, the BSE benchmark index Sensex rose by 66.70 points, or 0.34%, to 19,730.34 in early trade on Monday.

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.

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