Rupee gains 10 paise in early trade on strong cues

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Rupee gains 10 paise in early trade on strong cues
The rupee gained 10 paise in early trade on the back of strong global cues. The currency was last trading at Rs 62.31, up 10 paise over Thursday's close.

Today's gains was after a significant fall in the currency on Thursday on poor equity sentiments.

The rupee has been rangebound in the last few months, after falling to a historic low of 68.81 against the dollar in Sept last year.

Despite the US Federal Reserve twice tapering its QE3 programme, the rupee has shown remarkable resilience, thanks to a fall in the current account deficit. Read how lower current account deficit helps the country here

Read more about: dollar, qe3, us federal reserve
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