Economy

Rupee up 12 paise against dollar

PTI Mumbai | Updated on January 11, 2011 Published on January 11, 2011

The rupee had depreciated by 7 paise against the US currency to close at a fresh three-week low of Rs 45.45/46 in the previous session on Monday following a fall in equities. -- P.V. Sivakumar   -  Business Line

The rupee gained 12 paise to Rs 45.33 against the US dollar in early trade at the Interbank Foreign Exchange on Tuesday, supported by a higher opening in the stock market and weakness of the American currency against other major currencies.

The rupee had depreciated by 7 paise against the US currency to close at a fresh three-week low of Rs 45.45/46 in the previous session on Monday following a fall in equities.

Forex dealers said besides dollar weakness against other Asian currencies and the euro overseas, a higher opening in the stock market supported the rupee sentiment.

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Published on January 11, 2011
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