Mumbai, April 7:
The rupee was trading strong by 12 paise at 66.54 against the previous close of 66.66 on fresh selling of dollar by exporters.
Besides, the dollar’s weakness against some currencies overseas supported the rupee, dealers said.
However, fresh foreign fund outflows and a weak domestic equity market, restricted the rupee’s gain.
The rupee strengthened by 14 paise to 66.52 against the US dollar in early trade at the Interbank Foreign Exchange market today.
It hovered in a range of 66.60 and 66.41 before quoring at 66.54 at 3.05 pm local time.
The rupee had dropped 20 paise against the US dollar to end at 66.66 against the greenback yesterday on persistent dollar demand from banks and importers amid fresh foreign capital outflows.
Meanwhile, the benchmark BSE Sensex was trading lower by 185.16 points or 0.74 per cent at 24,715.47.
Source :.thehindubusinessline.com
No comments:
Post a Comment