Rupee strengthens on weak global dollar
Indian currency had opened slightly weak in morning at 61.88 against previous close 61.74
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The rupee recovered to trade strong on weak global dollar and uptick in stock market sentiment. It was trading at 61.30 against US dollar.
Indian currency had opened slightly weak in morning at 61.88 against previous close 61.74.
A treasury head of public sector bank said globally US dollar is ruling the on concerns about the economic effects of a prolonged shutdown and debt-ceiling debate.
The sentiment is making more impact than any fundamental aspect. The expectation of improved overseas portfolio investment is is also exerti9ng some effect, currency dealers said
The benchmark BSE-30 share index was trading 141 points up or 0.71% at 20,046.
Indian currency had opened slightly weak in morning at 61.88 against previous close 61.74.
A treasury head of public sector bank said globally US dollar is ruling the on concerns about the economic effects of a prolonged shutdown and debt-ceiling debate.
The sentiment is making more impact than any fundamental aspect. The expectation of improved overseas portfolio investment is is also exerti9ng some effect, currency dealers said
The benchmark BSE-30 share index was trading 141 points up or 0.71% at 20,046.
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First Published: Oct 04 2013 | 2:34 PM IST