Rupee recovers 11 paise to 61.68 Vs dollar
Quotes

Rupee recovers 11 paise to 61.68 Vs dollar

Last Updated: Tuesday, October 8, 2013, 10:23
 
 Comment 0
 
Rupee recovers 11 paise to 61.68 Vs dollar
Mumbai: The rupee on Tuesday recovered by 11 paise to 61.68 against the dollar in early trade at the Interbank Foreign Exchange market amid a higher opening in the stocks.

Sentiments turned buoyant after RBI yesterday cut the marginal standing facility (MSF) rate, at which it lends emergency funds to banks, by 0.5 percent to 9 percent with an aim to improve liquidity and boost economic activities.

The rupee had settled at 61.79 against the dollar yesterday, down by 35 paise over the previous close.

Traders said dollar selling by exporters and the RBI yesterday reducing the marginal standing facility (MSF) rate helped domestic currency to rise.

They said, however, weakness in other Asian currencies against the dollar overseas capped the rupee's gain.

Meanwhile, the BSE benchmark index regained 20,000 mark by soaring 239.62 points, or 1.20 per cent, to 20,134.72 in opening trade.

PTI



First Published: Tuesday, October 8, 2013, 10:21


Comments


comments powered by Disqus
Hyundai 4S Fluidic Verna
Hyundai 4S Fluidic Verna
Top 5 anticipated luxury cars of 2015
Top 5 anticipated luxury cars of 2015
Top 5 anticipated smartphones of 2015
Top 5 anticipated smartphones of 2015
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014

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