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 Money & Banking - Forex
Rupee gains 13 paise

Our Bureau

Mumbai, Dec. 14

The rupee gained by almost 13 paise on Thursday on strong selling of dollars by foreign banks. The home currency opened at 44.80/82, traded between 44.82 and 44.84 levels, to finally close at 44.65 against the previous close of 44.78 on Wednesday.

"Strong domestic equity markets also helped the rupee to strengthen," said a dealer at a private bank. The dollar gained against the yen on strong US data on retail sales.

In forwards, the six-month closed at 3.08 per cent (2.76 per cent) and the 12-month ended at 2.63 per cent (2.46 per cent).

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