Forex

Rupee gains 5 paise to 50.04 vs dollar

| Updated on: Jan 25, 2012
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The rupee rose marginally by 5 paise to Rs 50.04 per dollar in early trade on the Interbank Foreign Exchange today on increased foreign capital inflows and euro’s gains against the American currency overseas.

Dealers said increased foreign capital inflows and shifting of policy by RBI to support growth in its monetary policy review yesterday mainly kept the rupee sentiment firm. Also, euro’s firmness against the American currency overseas had a positive impact.

The domestic unit had closed flat at Rs 50.09 against the US dollar on alternate bouts of buying and selling.

Meanwhile, the BSE benchmark Sensex rose 82.34 points or 0.48 per cent to 17,078.11 in the early trade.

Published on January 25, 2012

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