| Date: |
11-05-2011 |
| Subject: |
Rupee Gains 7 Paise ASgainst US Dollar In Early Trade |
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The Indian Rupee appreciated by 7 paise to Rs 44.67 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar weakness against the euro and other Asian currencies.
The rupee had depreciated by 2 paise to close at Rs 44.74/75 against the US currency in yesterday's trade due to dollar demand from banks and importers in view of a firm trend overseas.
Forex dealers said dollar weakness against the euro and other Asian currencies overseas and a higher opening in the stock market helped the rupee gain some ground against the American dollar.
Meanwhile, the Bombay Stock Exchange Sensex was up by 62.23 points, or 0.33%, at 18,575.00 in opening trade today.
Source : timesofindia.indiatimes.com
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