Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

Indian rupee up 10 paise against US dollar

Apr 17 2014, 10:23 IST
Comments 0
The local currency had lost 14 paise to close at three-week low of 60.37 per dollar yesterday amid capital outflows and continuing demand for the US currency from oil refiners. (Reuters) The local currency had lost 14 paise to close at three-week low of 60.37 per dollar yesterday amid capital outflows and continuing demand for the US currency from oil refiners. (Reuters)
SummaryThe Indian rupee strengthened by 10 paise to trade at 60.27 against the US dollar at the Interbank Foreign Exchange market today on selling of the American currency by exporters.

The Indian rupee strengthened by 10 paise to trade at 60.27 against the US dollar at the Interbank Foreign Exchange market today on selling of the American currency by exporters.

The local currency had lost 14 paise to close at three-week low of 60.37 per dollar yesterday amid capital outflows and continuing demand for the US currency from oil refiners.

Dealers said besides increased dollar selling by exporters, a higher opening in domestic equity market and euro's gain against the American currency overseas helped the rupee to recover.

Meanwhile, the benchmark BSE Sensex recovered by 77.57 points, or 0.35 per cent, to 22,354.80 in early trade.

TCS

(Also read: Tata Consultancy Services to hire 55K employees this fiscal)

Ads by Google

More from BANKING & FINANCE

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...