| Date: |
16-10-2012 |
| Subject: |
Rupee rises 13 paise against USD in early trade |
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Indian rupee gained against the greenback in morning trade on Tuesday. Rupee was up by 13 paise or 0.26% against USD to Rs 52.90 compared to previous close of 53.04 (09.25 a.m.).
At 09.26 a.m., the Sensex was trading up 84.79 points or 0.45% at 18,798.34 with 24 components gaining. Meanwhile, the Nifty was trading higher by 21.80 points or 0.38% at 5,709.05 with 44 components gaining.
In the spot market, the Dollar Index decreased 0.07% to 79.68 (23:44 ET).
Euro - USD was trading at 1.29 up 0.11% while USD - Japanese Yen was trading at 78.81 up 0.27% (23:56 ET).
``USDINR would most probably fall towards 52.80. Resistance is near 53.15/53.35. It has to rise above 53.56 to hint at the possibility of rising further,`` said Emkay Global Financial Services.
Source : myiris.com
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