Rupee trims initial loss, still down by 8 paise at 59.65 Vs dollar
Quotes

Rupee trims initial loss, still down by 8 paise at 59.65 Vs dollar

Last Updated: Friday, June 21, 2013, 12:00
 
 Comment 0
 
Rupee trims initial loss, still down by 8 paise at 59.65 Vs dollar
Mumbai: The rupee trimmed its early losses, but was still quoted lower by 8 paise to 59.65 per dollar on demand of the US currency from banks and importers triggered by its higher value overseas.

Persistent capital outflows from foreign funds also affected the rupee value against the dollar, a forex dealer said.

The rupee resumed lower at 59.74 per dollar as against the last closing level of 59.57 at the Interbank Foreign Exchange (Forex) Market.

It dropped further to a low of 59.75 before quoting 59.65 per dollar at 1040 hours.

It moved in a range of 59.63 and 59.75 per dollar during the late morning deals.

In New York, the US dollar trimmed its earlier surge but remained higher versus most major currencies yesterday, building on gains triggered a day earlier after Federal Reserve Chairman Ben Bernanke said the bank could begin to slow its stimulus-providing programme of bond purchases by the end of the year.

Meanwhile, the Indian benchmark BSE-30 share index, Sensex, recovered from initial losses and was quoting higher by 13.61 points, or 0.07 percent, to 18,732.90 at 1040 hours.

PTI




First Published: Friday, June 21, 2013, 09:56


Comments


comments powered by Disqus
New York Auto Show 2014
New York Auto Show 2014
Top Businesswomen in India
Top Businesswomen in India
World`s top ten billionaires 2014
World`s top ten billionaires 2014
2014 Geneva International Motor Show
2014 Geneva International Motor Show
Geneva Auto Show 2014
Geneva Auto Show 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved