Rupee gains marginally on strong equities

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Rupee gains marginally on strong equities
The rupee gained marginally against the dollar in the forex market today, on the back of strong momentum in equities in the last few days.

The currency was trading at 55.35 to the dollar, up 1 paise over Friday's close. The currency is expected to strengthen on the back of strong foreign fund flows, should investment in risky assets, particularly equities make a strong comeback.

Meanwhile, equities were trading higher for a third successive trading session, following a bond buying programme announced by the European Central Bank last week.

GoodReturns.in

Read more about: currency
Story first published: Monday, September 10, 2012, 10:29 [IST]
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