Rupee up 12 paise Vs dollar in early trade

Image
Press Trust of India Mumbai
Last Updated : Aug 08 2013 | 9:58 AM IST
The rupee today recovered by 12 paise to 61.18 against the dollar in early trade at the Interbank Foreign Exchange following dollar selling by exporters and banks.
A higher opening in the domestic equity market and a weak dollar against some currencies overseas also supported the gain in rupee, forex dealers said.
The rupee had tumbled 53 paise to a fresh closing low of 61.30 against the dollar in yesterday's trade on renewed dollar demand from imoprters and bearish local stocks.
Meanwhile, the BSE benchmark index Sensex recovered by 27.35 points, or 0.15 per cent, to 18,692.23 in early trade today.
*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

More From This Section

First Published: Aug 08 2013 | 9:58 AM IST

Next Story