Money & Banking

Rupee rises against dollar

PTI Mumbai | Updated on February 21, 2011 Published on February 21, 2011

The rupee was ended up by 22 paise at 44.98 per US dollar on Monday evening on sustained dollar-selling by exporters and corporates amid weakness of the American currency overseas.

At the Interbank Foreign Exchange market, the domestic unit opened slightly higher at 45.19/20 per dollar against Friday’s close of 45.20/21. It moved up further to 45.08 per dollar. At 10.30 a.m., the rupee was quoting at 45.10/11 per dollar.

The domestic unit moved in a range between 45.08 and 45.21 per dollar in the morning deals.

Sustained selling of dollars by exporters and some banks and a better opening in the stock market kept the rupee sentiment firm, a forex dealer said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 21, 2011
This article is closed for comments.
Please Email the Editor