Rupee steady against US dollar

Agencies
Posted: Tuesday, Nov 13, 2007 at 0000 hrs IST
Updated: Tuesday, Nov 13, 2007 at 1028 hrs IST

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Mumbai, November 13:: Rupee on Tuesday held steady against the US dollar during morning trade, largely influenced by the local equity market that showed signs of recovery amid weak global cues.

In lacklustre activity at the Interbank Foreign Exchange (forex) market, the local currency resumed slightly changed at 39.37/39 per dollar from yesterday's close of 39.36/37 and later was quoted at 39.38/39 a dollar in late morning deals.

The rupee remained almost unchanged in line with steady trend in the domestic stock market while Asian markets continued to be weak in morning trade on Tuesday, forex dealers said.

However, the rupee is well supported by weakness in dollar abroad and dollar sales by exporters in the past few days, they added.

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Rupee steady against US dollar

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