Money & Banking

Rupee marginally up

PTI Mumbai | Updated on January 10, 2011 Published on January 10, 2011

WEAK OPENING: Dollar’s weakness in the Asian markets helped the rise of rupee, but weak opening on the stock market capped its gains. -- Bijoy Ghosh   -  Business Line

The rupee marginally rose by one paise to Rs 45.37 a dollar in early trade at the Interbank Foreign Exchange on Monday, propelled by gains made by Asian currencies against the greenback.

Forex dealers said dollar’s weakness in the Asian markets helped the rise of rupee, but weak opening on the stock market capped its gains.

The rupee had declined by 13 paise to its three-week low at Rs 45.38/39 a dollar in the previous session on Friday, following a steep fall in equity markets amid capital outflows.



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Published on January 10, 2011
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