Rediff.com » Business
Rupee loses some early gains; still up 20 paise
Source: PTI September 24, 2012
The rupee erased some early gains on Monday, but was still up 20 paise at 53.25 a dollar on persistent selling of the American currency by banks and exporters amid sustained foreign capital inflows.
Weakness of dollar in the overseas market also boosted the rupee value, a forex dealer said.
In New York market, the dollar had slipped against the euro on Friday.
Back home, the rupee resumed at at 53.44 a dollar as against the last weekend's level of 53.45. It firmed further to 53.05 before quoting at 53.25, at 1100 hours.
The domestic currency has moved between 53.05 and 53.52 per dollar during the morning deals.
Source:
PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Recommended by Rediff.com
Jamshed, Ajmal lead Pakistan to easy win over New Zealand
Coal-gate: CBI registers two new cases
'Had to go for new Davis Cup team as seniors were ageing'
Government's NEW plan to de-clog the roads
© 2024 Rediff.com