Rupee stable after a weak start
Dollar buying by oil marketing companies affects rupee
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<a href="http://www.shutterstock.com/pic-95113372/stock-photo-a-pile-of-notes-and-coins-in-indian-currency.html" target="_blank">Currency</a> image via Shutterstock
After trading weak against the dollar in early trades, the rupee was stable.
At 11:30 am the rupee was trading at Rs 62.33 compared to previous close of Rs 62.32 per dollar.
According to currency dealers, there is dollar buying from oil marketing companies. However, dollar sale by state-run banks on behalf of Reserve Bank of India helped the rupee recover.
At 11:30 am the rupee was trading at Rs 62.33 compared to previous close of Rs 62.32 per dollar.
According to currency dealers, there is dollar buying from oil marketing companies. However, dollar sale by state-run banks on behalf of Reserve Bank of India helped the rupee recover.
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First Published: Dec 03 2013 | 12:01 PM IST