Rupee opens at three-week high of 62.95 vs dollar in early trade
PTI Mumbai, September 12, 2013
First Published: 09:20 IST(12/9/2013) | Last Updated: 10:38 IST(12/9/2013)
The rupee on Thursday strengthened further by 43 paise to trade
at fresh three-week high of 62.95 against the dollar in early trade
boosted by consistent capital inflows and dollar sales by exporters.
The domestic currency has spurted by 425 paise or 6.28% in last five straight sessions.
The rupee had gained 46 paise to close at 63.38 on Wednesday against the dollar on the back of fresh RBI steps to boost foreign fund inflows and hopes of a diplomatic solution in Syria.
Dealers said besides increased capital inflows driven by recent measures announced by the RBI, a higher opening in domestic equity market and dollar's weakening against major currencies overseas helped the rupee rise.
Meanwhile, the BSE benchmark index Sensex rose by 54.60 points, or 0.27%, to 20,052.05 in early trade
jawed eqbal
pgdm 1st year
The domestic currency has spurted by 425 paise or 6.28% in last five straight sessions.
The rupee had gained 46 paise to close at 63.38 on Wednesday against the dollar on the back of fresh RBI steps to boost foreign fund inflows and hopes of a diplomatic solution in Syria.
Dealers said besides increased capital inflows driven by recent measures announced by the RBI, a higher opening in domestic equity market and dollar's weakening against major currencies overseas helped the rupee rise.
Meanwhile, the BSE benchmark index Sensex rose by 54.60 points, or 0.27%, to 20,052.05 in early trade
jawed eqbal
pgdm 1st year
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