 "Rupee trims early gains, still up by 14 ps vs dollar")
The rupee pared its early gains, but was still higher by 14 paise against the US dollar at Rs 62.14 in late morning trade today on sustained bouts of dollar selling by banks and exporters.
The Indian currency resumed higher at 62.14 as against yesterday's close of 62.31 at the Interbank Foreign Exchange (Forex) market here.
It further strengthened to Rs 62.05 on good bouts of dollar selling from banks before quoting at its opening level of 62.14 at 1100 hours.
In New York market, the US dollar was on the defensive against the basket currencies in early trade after soft US economic data halted its surge against peers such as the yen and euro while the market awaited further developments in Greek debt negotiations.
Meanwhile, the benchmark BSE Sensex was trading higher by 84.54 points, or 0.29%, to 28,889.64 in late morning trade.
The Indian currency resumed higher at 62.14 as against yesterday's close of 62.31 at the Interbank Foreign Exchange (Forex) market here.
It further strengthened to Rs 62.05 on good bouts of dollar selling from banks before quoting at its opening level of 62.14 at 1100 hours.
Also Read
The local currency hovered in a range of 62.17-62.05 per dollar during late morning trade.
In New York market, the US dollar was on the defensive against the basket currencies in early trade after soft US economic data halted its surge against peers such as the yen and euro while the market awaited further developments in Greek debt negotiations.
Meanwhile, the benchmark BSE Sensex was trading higher by 84.54 points, or 0.29%, to 28,889.64 in late morning trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%