| Date: |
29-11-2010 |
| Subject: |
Rupee Gains 8 Paise Against Dollar in Early Trade |
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The rupee strengthened by 8 paise to Rs 45.76 against the US dollar at the Interbank Foreign Exchange market in the morning trade today, tracking gains in other Asian currencies.
Dealers said that Euro losses against the dollar and firm opening at Indian stock markets led to the buoyancy of the rupee.
The rupee had lost 32 paise to close at Rs 45.84/85 against the US dollar in the previous session on strong demand for the American currency from importers amid sharp fall in stock markets.
Meanwhile, the Bombay Stock Exchange index Sensex recovered by 133.48 points or 0.69 per cent to 19,270.09 level in the opening trade today.
Source : thehindu.com
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