Rupee rises 21 paise to 53.87 against US dollar
Quotes

Rupee rises 21 paise to 53.87 against US dollar

Last Updated: Tuesday, October 30, 2012, 11:23
 
 Comment 0
 
Rupee rises 21 paise to 53.87 against US dollar
Mumbai: 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.

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 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 percent, to 18,676.53 at 1045hrs.

PTI


First Published: Tuesday, October 30, 2012, 10:29


Comments


comments powered by Disqus
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster
Forbes 2015 Rich List
Forbes 2015 Rich List
Audi TT Coupé
Audi TT Coupé

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