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 ...

Quick Links

More news from Finance Rss icon

Credit dividend on shares to savings bank account to be treated as a transaction: RBI

The account cannot be declared dormant even if no other transaction has taken place for two years

RBI asks banks to set timeline to process loans

Move came after RBI noticed that there have been inordinate delays by banks to convey credit decisions

RBI gives 30 days to banks on loan disbursal timelines

Asks banks to maintain a monitoring mechanism to check any delays

Back to Top