Economy

Rupee up 16 paise in early trade

PTI Mumbai | Updated on November 09, 2017 Published on December 30, 2010

Forex dealers said dollar weakness against other Asian currencies and the euro, in addition to a higher opening in the stock market, supported the rupee gains. -- Paul Noronha   -  Business Line

The rupee surged by 16 paise to Rs 44.88 a dollar at the Interbank Foreign Exchange in early trade today, boosted by dollar weakness against other Asian currencies and a higher opening in the stock market.

The rupee had gained 5 paise to close at Rs 45.04/05 in the previous session on sustained dollar-selling by exporters and banks.

Forex dealers said dollar weakness against other Asian currencies and the euro, in addition to a higher opening in the stock market, supported the rupee gains.

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Published on December 30, 2010
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