Mumbai: The Indian rupee added another 31
paise to 46.00/02 against the American currency in early trade
on Monday on selling pressure from exporters amid falling overseas
market and expectations of good capital inflows.
The domestic currency resumed higher at 46.12/13 per
dollar against the last weekend's level of 46.31/32 per dollar
and hovered in a range of 46.00 per dollar and 46.16 per
dollar before quoting at 46.00/02 per dollar at 10:15 hrs.
Dealers at the Interbank Foreign Exchange (forex) market
said the rupee drew support from a strong rise in local stocks
market. The BSE benchmark index was up by 197 points or 1.17
per cent in the early trade.
The US dollar drifted lower in Asia, heading into a week
that is likely to see increased rhetoric on currencies from
both China and visiting US President Barack Obama.
Crude oil was higher in Asian trade today as investors
bought into commodities on the back of a weak dollar, analysts
said. New York's main contract, light sweet crude for December
delivery put on 71 cents to USD 77.06 a barrel.
Bureau Report
First Published: Monday, November 16, 2009, 12:03