E-Paper
Rupee up against dollar in dull trade
The Rupee turned strong after a weak start against the US currency and showed moderate gains in late morning deals, buoyed by further recovery in equity markets.
The Rupee turned strong after a weak start against the US currency and showed moderate gains in late morning deals, buoyed by further recovery in equity markets.
In lacklustre activity on the interbank foreign exchange (forex) market, the Indian Rupee resumed weak at Rs 44.82/83 a dollar from Wednesday's close of Rs 44.77/78 but later bounced back to Rs 44.74/75 per dollar in late morning trading.
The activity was affected by a general strike including employees of state-owned banks, a leading forex dealer said.
Left-affiliated trade unions today enforced a nationwide one-day general strike to protest the 'anti-people' economic and labour policies of the UPA government.
The dollar firmed up across the board on Wednesday in overseas markets, supported by surprisingly healthy US consumer spending.
