| Date: |
02-01-2012 |
| Subject: |
Rupee Gains 6 Paise Against US Dollar in Early Trade |
|
Mumbai: The Indian rupee gained 6 paise to Rs 51.40 per US dollar in early trade on the Interbank Foreig Exchange on Monday on steady selling of the American currency by exporters.
However, a lower opening in the equity market restricted the rupee's gains.
Dealers said increased selling of dollars by exporters and range-bound movement of the euro and Asian currencies against the dollar overseas helped the Indian rupee strengthen.
The rupee had gained 74 paise to close at a nearly two-week high of Rs 51.46/47 per US dollar in yesterday's trade, buoyed by a rally in local stocks and expectations of more capital inflows.
Meanwhile, the BSE Sensex fell by 44.75 points, or 0.27 percent, to 16,438.70 in opening trade today.
Source : zeenews.india.com
|