| Date: |
06-06-2011 |
| Subject: |
Rupee Up 6 Paise Against U.S. Dollar In Early Trade |
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The Indian rupee strengthened by 6 paise to Rs. 44.75 against the U.S. dollar in early trade on the Interbank Foreign Exchange on Monday, on dollar weakness against the euro and other Asian currencies.
The U.S. dollar slid to a fresh one-month low against a basket of major currencies in early Asia trade, finding no support after disappointing jobs data prompted speculation that U.S. interest rates will stay low for longer.
The rupee had gained one paise to close at a more-than 3-week high of 44.81/82 against the greenback in the previous session on alternate bouts of buying selling, stretching gains for the seventh straight trading session.
Forex dealers said dollar weakness against the euro and other currencies overseas mainly kept the rupee sentiment firm against the American dollar.
Source : thehindu.com
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