Rupee trims initial gains, still up 18 paise vs dollar
Quotes

Rupee trims initial gains, still up 18 paise vs dollar

Last Updated: Wednesday, January 2, 2013, 12:38
 
 Comment 0
 
Rupee trims initial gains, still up 18 paise vs dollar
Mumbai: The Rupee failed to maintain initial gains, but was still quoted higher by 18 paise to 54.50 per dollar on bouts of buying and selling transactions from banks and exporters.

The rupee resumed higher at 54.42 per dollar as against the yesterday's closing level of 54.68 at the Interbank Foreign Exchange (Forex) Market and moved up further to 54.31.

However, it failed to maintain its initial gains and dropped to 54.54 per dollar before quoting 54.50 at 1050 hrs on renewed demand for the US currency.

The rupee moved in a range of 54.31 and 54.54 per dollar during the morning deals.

Persistent foreign capital inflows into equity market are still supporting the rupee sentiment, a dealer said.

Meanwhile, the Indian benchmark BSE-30 index, Sensex, rose by 150.80 points, or 0.77 percent, to 19,731.61 at 1100 hrs.

In the overseas market, the dollar ruled strong against the other currencies as US lawmakers passed a bill to avoid the "fiscal cliff," bolstering investors' appetite for risky assets.

PTI




First Published: Wednesday, January 2, 2013, 10:20


Comments


comments powered by Disqus
World`s Top 10 Powerful Women
World`s Top 10 Powerful Women
New Age XUV500
New Age XUV500
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster

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