For Quick Alerts
For Daily Alerts

    Rupee gains 12 paise as rally in equities help

     Rupee gains 12 paise as rally in equities help
    70.237 US Dollar
    The Indian rupee gained 12 paise in trade today on selling in the US dollar. A rally in equities also helped improve sentiments for the rupee, which was traded at 53.38 against the dollar at 10.20 AM IST.

    A surge in dollar inflows, particularly from foreign funds has helped support the gains in the rupee over the last few trading sessions.

    Analysts believe that the rupee could appreciate further, but much would depend of developments in Europe. Crude oil which has been dropping over the last few trading sessions is likely to help support the rupee, since bulk of Indian dollar demand is for importing crude oil.

    Read more about: currency
    Story first published: Thursday, September 27, 2012, 10:25 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more