Rupee trims early gains Vs dollar, at 61.27 Vs dollar
Mumbai: The rupee trimmed gains made in early morning trade today but was still up 12 paise at 61.27 per dollar on selling of the American currency by banks and exporters in view of sustained foreign capital inflows.
The rupee resumed higher at 61.08 per dollar as against the last closing level of 61.39 at the Interbank Foreign Exchange (Forex) Market.
It firmed up further to 61.06 per dollar. However, the local currency trimmed its early gains and was quoted at 61.27 per dollar at 1040 hours.
It moved in a range of 61.06 and 61.29 per dollar during morning deals.
Banks and exporters preferred to reduce their dollar position on hopes of more foreign capital inflows into equity market.
The BSE benchmark Sensex rose by 210.23 points or 1.04 per cent to 20,483.14 at 1055 hours.
In New York market, the US dollar jumped to its highest level against the Japanese yen yesterday since the partial government shutdown began, a sign of investor optimism as House Republican leaders said they would propose a temporary debt-ceiling extension ahead of a meeting with President Barack Obama.