Money & Banking

Rupee strengthens against dollar

| Updated on: Feb 14, 2011
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The rupee gained 13 paise to Rs 45.55 against the US dollar in the early trade at the Interbank Foreign Exchange market on Monday, supported by a higher opening in the stock market and weakness of the greenback against other Asian currencies.

The domestic unit had gained 4 paise against the US dollar to close at Rs 45.68/69 in the previous session on Friday.

Dealers said in addition to dollar’s weakness against other Asian currencies overseas, a higher opening in the stock market supported the rupee sentiment today.

Published on February 14, 2011

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