Breaking News

Corona Virus Full Stats

India Stats

5,523,917 Total Cases
88,345 Deaths
4,440,775 Recovered

Global Stats

31,344,552 Total Cases
966,517 Deaths
22,930,458 Recovered
Read more
Home » News » Business » Rupee rises 4 paise against dollar in early trade
Rupee rises 4 paise against dollar in early trade

Rupee rises 4 paise against dollar in early trade

The rupee recovered marginally by four paise to 59.34 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters. However, the dollar’s strength against other currencies overseas,

capped the rupee’s gain. The rupee fell by 23 paise to close at 59.38 in Tuesday’s session amidst the RBI announcing a cut in SLR that is expected to release nearly Rs 40,000 crore into the markets. Forex dealers said fresh selling of the American currency by exporters and a higher opening in the domestic equity market helped the local currency to recover. Meanwhile, the 30-share BSE Sensex rose by 67.31 points, or 0.27%, to 24,925.90 in early trade on Wednesday. Source : http://www.dnaindia.com/money/report-rupee-rises-4-paise-against-dollar-in-early-trade-1993330

Leave a Reply

Your email address will not be published. Required fields are marked *

*