Rupee marginally strong in morning trade

Dollar sale by banks helps rupee

Neelasri Barman Mumbai
Last Updated : Nov 26 2013 | 11:11 AM IST
The rupee was trading marginally strong in morning trade due to dollar sale by banks.

At 11:00 am, the rupee was trading at Rs 62.43 compared with previous close of Rs 62.50 per dollar.

The rupee has a weakening bias due to month end dollar demand by importers, said currency dealers. But they added that sale of dollars by banks may protect the rupee.

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First Published: Nov 26 2013 | 11:10 AM IST

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