| Date: |
10-07-2013 |
| Subject: |
Rupee up 13 paise vs dollar in early trade on RBI steps |
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MUMBAI: The rupee on Wednesday rose by 13 paise to 60.01 against the US dollar in early trade at the Interbank Foreign Exchange market after the RBI took steps to curb volatility in the currency.
Forex dealers said besides dollar selling by exporters and a higher opening in the domestic equity market, the Reserve Bank ordering state-owned oil companies to purchase their dollar requirement from a single public sector bank for every daily transaction to curb volatility in the currency, also supported the rupee.
They said, however, dollar's strength against other currencies overseas, capped the rupee's gain.
The rupee had ended 47 paise higher at 60.14 against the US currency in the previous session.
Meanwhile, the BSE benchmark index Sensex rose by 49.65 points, or 0.26 per cent, to 19,489.13 in early on Wednesday.
Source : timesofindia.indiatimes.com
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