Rupee rises 14 paise, ends losing streak
Foreign portfolio investors bought shares worth Rs 417.01 crore on Monday, according to provisional data
 "Rupee rises 14 paise, ends losing streak")
The rupee snapped its two-day losing streak by firming up 14 paise to close at 62.37 a dollar on fresh selling by banks and exporters on the back of a lower dollar in the foreign markets.
It opened sharply higher at 62.38 a dollar against the previous closing level of 62.51 at the interbank foreign exchange market and firmed up further to close at 62.37, showing a gain of 14 paise.
It hovered in a range of 62.36 and 62.44 during the day. Good capital inflows and lower dollar overseas mainly boosted the rupee value, a dealer said.
On the global front, in New York the dollar snapped its six-straight session gains against the basket of currencies.
In early trade, after retail sales data failed to meet market expectations.
The dollar index, a gauge of six major global rivals, was up by 0.40 per cent today.
However, the dollar was up against the yen in Asian trade today, with dip buying sup
It opened sharply higher at 62.38 a dollar against the previous closing level of 62.51 at the interbank foreign exchange market and firmed up further to close at 62.37, showing a gain of 14 paise.
It hovered in a range of 62.36 and 62.44 during the day. Good capital inflows and lower dollar overseas mainly boosted the rupee value, a dealer said.
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Foreign portfolio investors bought shares worth Rs 417.01 crore on Monday, according to provisional data.
On the global front, in New York the dollar snapped its six-straight session gains against the basket of currencies.
In early trade, after retail sales data failed to meet market expectations.
The dollar index, a gauge of six major global rivals, was up by 0.40 per cent today.
However, the dollar was up against the yen in Asian trade today, with dip buying sup