Indian rupee trades up at 62.27 vs US dollar in late morning deals

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Sustained foreign capital inflows into equity market also boosted the Indian rupee value against dollar. Sustained foreign capital inflows into equity market also boosted the Indian rupee value against dollar.
SummaryThe Indian rupee moved up by 15 paise to 62.27 against the American currency in late morning trade.

The Indian rupee moved up by 15 paise to 62.27 against the American currency in late morning trade today on selling of dollars by banks and exporters due to its weakness in overseas market amidst firm equity.

Sustained foreign capital inflows into equity market also boosted the rupee value against dollar.

The Indian unit resumed higher at 62.25 per dollar as against the last closing level of 62.42 at the Interbank Foreign Exchange (Forex) Market.

It was quoted at 62.27 per dollar at 1045 hours after moving in a range of 62.25 and 62.36 per dollar during the morning deals.

In New York market, the dollar lost ground against most of its major rivals yesterday after readings on retail sales and employment came in weaker than expected.

Meanwhile, the Indian benchmark BSE-30 share index Sensex moved up by 19.70 points or 0.10 per cent to 20,213.05 at 1045 hours.

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