Rupee below 50 per dollar

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Rupee below 50 per dollar
64.016United States Dollar
The partially convertible Indian rupee was seen trading below Rs 50 per dollar, rupee rose by 15 paise to Rs 49.94 per dollar on the Interbank Foreign Exchange today on persistent foreign fund inflows.

The Indian rupee gained confidence after euro and other currencies posted gains against US dollar.

The rupee sentiment was boosted by weaker dollar and steep rise in domestic stock market due to CRR cut by RBI.

The Indian rupee opened at 49.95 per dollar versus 50.10 yesterday. At 01.40 pm IST, rupee was seen trading at 49.93.

Meanwhile, the BSE was seen trading higher at 17000.04 up by 248.31 points or 1.48% and the 50-share NSE was at 5124.40 up by 78.15 points or 1.55%.

Read more about: currency, dollar, euro, crr
Story first published: Tuesday, January 24, 2012, 13:46 [IST]
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