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Rupee gains 10 paise in early trade on strong cues
INR
83.548 | United States Dollar |
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
GoodReturns.in
Story first published: Friday, February 14, 2014, 9:58 [IST]