Rupee marginally strong in morning trade

Dollar sale by banks helps rupee

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.