Money & Banking

Rupee up against dollar

PTI Mumbai | Updated on January 25, 2011 Published on January 25, 2011

The rupee had depreciated by 6 paise against the greenback to close at Rs 45.68/69 a dollar in the previous session due to late dollar demand from importers despite firm local equities. -- K.K. Mustafah   -  Business Line

The rupee gained 20 paise to Rs 45.48 against the US dollar in early trade at the Interbank Foreign Exchange on Tuesday, supported by a higher opening in the stock market and weakness of the American currency against other major currencies.

The rupee had depreciated by 6 paise against the greenback to close at Rs 45.68/69 a dollar in the previous session due to late dollar demand from importers despite firm local equities.

Forex dealers said besides dollar weakness against other Asian currencies and the euro overseas, a higher opening in the stock market supported the rupee sentiment.

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Published on January 25, 2011
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