Business Standard

Rupee up 5 paise against dollar in early trade

The greenback's weakness against a basket of other Asian currencies support Indian unit

Related News

The appreciated by 5 paise to 55.91 against the American currency in early trade today on the Interbank Foreign Exchange on selling by exporters, amid a higher opening in the stock market.

Besides, dollar weakness against a basket of other Asian currencies overseas also supported the rupee, dealers said.

The rupee had closed three paise down at 55.96 against the dollar on Tuesday, amid foreign fund outflows and demand of the US currency from importers.

Meanwhile, the benchmark index rose by 72.21 points, or 0.43%, to 16,932.01.

Read more on:   
|
|
|
|
|

Read More

Rupee gains most in 3 yrs as risk assets rally

The rupee posted its biggest daily gain in three years on Friday after the government confirmed it will not impose retroactive taxes on foreign ...

Quick Links

More news from Finance Rss icon

State lenders face tough sell on capital raising plan

Investors wary about deteriorating asset quality, slackening credit demand

'Stressed' banks may face lending curbs

RBI cautions lenders with 20% stressed assets

Large wilful defaulters are freeloaders, not industry captains: Rajan

RBI Governor raps large corporate defaulters but open to more flexibility in loan recast

Back to Top