Money & Banking

Rupee strengthens against dollar

PTI Mumbai | Updated on March 16, 2011

21rupee   -  The Hindu

The rupee recovered by ten paise to Rs 45.15 a dollar in the morning trade on fresh selling of dollar by banks and exporters in view of a weak American currency in the overseas market.

At the Interbank Foreign Exchange (Forex) market, the local currency opened higher at 45.19/20 per dollar against the previous close of 45.25/26 per dollar and moved up further to 45.15. At 10.30 a.m., the domestic unit was quoting at 45.21/22 per dollar.

It hovered in the range of Rs 45.15-45.23 a dollar in the morning deals.

In New York, the Japanese Yen gained against major rivals on Tuesday as fears of a deepening nuclear crisis after last week’s earthquake and tsunami sent the Tokyo stock market and global equities tumbling.

Published on March 16, 2011

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