Business Standard

Rupee recovers marginally, at 54.90/dollar

Still down 41 paise on good demand for dollar from banks & importers

Related News

The recovered marginally after breaching the 55-level against the dollar, but was still 41 paise on good demand for the from and importers.

The strengthened against other currencies as well in the overseas market.

The rupee resumed lower at 54.80 per dollar as against the last closing level of 54.49 at the Interbank Foreign Exchange (Forex) Market and dropped further to 55.05.

However, it recovered afterwards to 54.90 per dollar at 1100 hrs on mild selling of dollars.

In New York, the dollar had risen yesterday with markets subdued on US holiday.

Meanwhile, the 30-stock index, Sensex, was steady at 17,467.03 at 1100hrs.

Read more on:   
|
|
|
|
|
|
|
|
|
|
|
|
|

Read More

Rupee pares initial gains, still up 3 paise at 55.55/dollar

The rupee pared its initial gains to trade higher marginally by 3 paise to 55.55 against the American currency in the late morning trade on fresh ...

Advertisements

Quick Links

More news from Finance Rss icon

SBI cuts medium-term deposit rate by 25 bps

Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

On-tap licences: RBI says final norms in FY15

Presently, bank licences are given only during a particular timeframe as specified by the regulator

Cut rate to spur loan growth: Bankers to RBI

Loan growth has fallen below 11% as compared to 16.8% a year ago

Back to Top