Rupee breaches 52-level; up 28 paise against US dollar

Oct 04 2012, 10:28 IST
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The rupee rose 28 paise to a fresh five-and-half month high of 51.88 against the US dollar.   (Reuters) The rupee rose 28 paise to a fresh five-and-half month high of 51.88 against the US dollar. (Reuters)
SummaryThe rupee rose 28 paise to a fresh five-and-half month high of 51.88 against the US dollar.

The rupee today rose above the Rs 52 level by gaining 28 paise to fresh five-and-half month high of 51.88 against the American currency in early trade on persistent dollar selling by exporters amid hopes of further reforms measures.

Dealers said sustained capital inflows and a higher opening in the equity market also supported the rupee.

Meanwhile, the BSE benchmark Sensex surpassed 19,000 points level by rising 200.48 points, or 1.06 per cent, to 19,070.17.

Yesterday, the rupee had gained 24 paise to close at nearly 5-1/2-month high of 52.16 on sustained dollar selling by exporters and hefty capital inflows in local stock market.

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