Rupee trims initial gains vs dollar, up 9 paise
Quotes

Rupee trims initial gains vs dollar, up 9 paise

Last Updated: Wednesday, August 22, 2012, 11:50
 
 Comment 0
 
Rupee trims initial gains vs dollar, up 9 paise
Mumbai: In restricted trading in view of bank strike, the rupee trimmed its early gains today but is being quoted higher by nine paise to 55.48 against the US currency in the late morning trade on selling of dollars from banks on the back of lower dollar in overseas market.

The rupee resumed higher at 55.45 per dollar as against the last closing level of 55.57 per dollar at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 55.40 per dollar and 55.53 per dollar before quoting at 55.48 per dollar at 1100 hours.

In New York, the US dollar lost ground yesterday, with the euro rising 1 percent on growing optimism that the European Central Bank will take steps to bring down borrowing costs for indebted euro-zone nations such as Spain and Italy.

Meanwhile, the BSE benchmark Sensex declined by 15 points, or 0.08 percent, to 17,870.38 at 1100 hours.

PTI



First Published: Wednesday, August 22, 2012, 10:16


Comments


comments powered by Disqus
Honda Mobilio MPV
Honda Mobilio MPV
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

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