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Others would do well to emulate TCS' tie-up strategy.
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Rupee appreciates by 13 paise against US dollar in early trade

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Rupee appreciates by 13 paise against US dollar in early trade. (Reuters) Rupee appreciates by 13 paise against US dollar in early trade. (Reuters)
SummaryThe rupee today strengthened by 13 paise to 55.60 against the US dollar in early trade after remaining weak for five straight days at the Interbank.

The rupee today strengthened by 13 paise to 55.60 against the US dollar in early trade after remaining weak for five straight days at the Interbank

Foreign Exchange, aided by selling of the American currency by exporters and banks.

Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas following a long-awaited bailout deal for Greece, also supported the rupee, forex dealers said.

The rupee had lost 22 paise to end at 55.73 against the US dollar in yesterday's trade due to sustained demand for the American currency from importers and banks.

Meanwhile, the BSE benchmark Sensex rose further by 110.98 points, or 0.60 per cent, to 18.647.99 in early trade today.

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