Economy

Rupee gains

PTI Mumbai | Updated on November 09, 2017 Published on December 28, 2010

Forex dealers attributed the bolstered rupee sentiment to fresh dollar-selling by exporters and corporates. - P.V. Sivakumar   -  Business Line

The rupee surged by 19 paise to 45.05 against the US dollar in early trade at the Interbank Foreign Exchange on Tuesday on the back of fresh dollar-selling by exporters and corporates.

The local unit opened higher today at 45.14/15 per dollar against its previous close of 45.24/25.

It fell to a low of 45.30 a dollar during the course of morning deals, but made a smart recovery and appreciated by 19 paise against the American currency.

Forex dealers attributed the bolstered rupee sentiment to fresh dollar-selling by exporters and corporates.

The dollar was under pressure in the New York market yesterday as markets reacted to a short-term rate hike announced by China’s central bank.

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Published on December 28, 2010
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