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Rupee up 20 paise at 53.25/dollar

Weakness of dollar in the overseas market has boosted the rupee value

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The erased some early gains today, but was still 20 paise at 53.25 a on persistent of the American currency by banks and amid sustained foreign capital inflows.

Weakness of dollar in the overseas also boosted the rupee value, a forex dealer said.

In New York market, the dollar had slipped against the on Friday.

Back home, the rupee resumed at at 53.44 a dollar as against the last weekend's level of 53.45. It firmed further to 53.05 before quoting at 53.25, at 1100 hrs.

The domestic currency has moved between 53.05 and 53.52 per dollar during the morning deals.

Meanwhile, the 30-index, Sensex, was up 23.68 points or 0.13% at 18,776.51 at 1100 hrs.

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Rupee likely to touch 52.25/dollar this week

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