The rupee gained 2 paise to Rs 49.10 per US dollar in early trade at the Interbank Foreign Exchange today, supported by a rise in the domestic stock market.
Dealers said the recovery in the equity market in early trade helped the rupee trade higher, but continued dollar demand from importers capped the gains.
The domestic unit had closed 17 paise lower at Rs 49.12/13 per US dollar in yesterday’s trade on dollar demand and weakness in equities.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.