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Rupee rises by 12 paise against Dollar

 

Rupee rises by 12 paise against Dollar

Oct 10,  12:27 PM
The Indian rupee advanced by 12 paise to 49 rupees 3 paise per dollar in early trade today on continued selling of the American currency by banks and exporters. Dollar was weakness in overseas markets also. 

The rupee resumed higher at 49 rupees 6 paise per dollar on the Inter bank Foreign Exchange, against last Friday's close of 49 rupees 16 paise per dollar. It moved up further to 49 rupees 3 paise per dollar before quoting at 49 rupees 12 paise per dollar.

Sustained selling of dollars by banks and exporters in view of dollar weakness in global markets mainly boosted the rupee value against the American currency. 

The euro recovered some ground against the greenback in Asian trade today as the currency reacted positively to French and German assurances that they will act to safeguard European banks.

 



Monday , 10   October , 2011