Monday, 11 August 2014

Rupee up 13 paise against the US dollar

The rupee strengthened by 13 paise to 61.02 against the dollar in early trade at the Interbank Foreign Exchange market today on increased selling of the American currency by exporters and banks. 

Besides, the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market also supported the rupee 

The rupee had gained seven paise to close at 61.15 on Friday on suspected RBI intervention in the forex market. 



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