| Date: |
02-02-2011 |
| Subject: |
Rupee Up 19 Paise Against U.S. Dollar In Early Trade |
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The Indian rupee gained 19 paise to Rs. 45.56 against the U.S. dollar in early trade at the Interbank Foreign Exchange on Wednesday, supported by a higher opening in the stock market and weakness of the American currency against the euro.
The rupee had appreciated by 15 paise to close at Rs. 45.75/76 against the U.S. currency on Monday on the back of fresh dollar-selling by exporters, even as the equity market experienced sharp losses.
Dealers said that in addition to dollar weakness against other currency rivals overseas, a higher opening in the stock market today boosted the rupee sentiment.
Source : thehindu.com
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