Rupee Up 2 Paise Against U.S. Dollar
In range-bound trade, the Indian rupee opened marginally higher by 2 paise at45.35 per U.S. dollar on the Interbank Foreign Exchange on Wednesday, supported by a higher opening in the stock market.
The rupee had depreciated by 3 paise to close at45.37/38 against the U.S. dollar in the previous session due to late dollar demand amid weakness in the domestic equity markets.
Forex dealers said the higher opening in the stock market mainly helped the rupee rise against the U.S. dollar in morning trade on Wednesday, but the weakness of other Asian currencies against the American greenback capped the gains.
Meanwhile, the Bombay Stock Exchange Sens*x was up by 127.35 points, or 0.76 per cent, at 16,858.92 in opening trade Wednesday.
Source : thehindu.com
The rupee had depreciated by 3 paise to close at45.37/38 against the U.S. dollar in the previous session due to late dollar demand amid weakness in the domestic equity markets.
Forex dealers said the higher opening in the stock market mainly helped the rupee rise against the U.S. dollar in morning trade on Wednesday, but the weakness of other Asian currencies against the American greenback capped the gains.
Meanwhile, the Bombay Stock Exchange Sens*x was up by 127.35 points, or 0.76 per cent, at 16,858.92 in opening trade Wednesday.
Source : thehindu.com
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