Mumbai, March 10:
The rupee gained 17 paise against the US dollar in late afternoon trade today at the Inter-bank Foreign Exchange market on increased selling of the US currency by exporters and banks.
At about 4.40 pm, the rupee was quoting at 67.04.
It traded between 67.27 and 66.98 during intra-day deals after opening at 67.21.
Sustained foreign capital inflows gave the rupee some muscle, dealers said.
A subdued trend in domestic equities and dollar’s strength against other currencies overseas, however, restricted the gains.
The rupee closed at 67.21 in yesterday’s trade on fag-end selling of the dollar.
Source :.thehindubusinessline.com
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