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    Rupee gains 9 paise on strength in equities

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    Rupee gains 9 paise on strength in equities
    INR
    68.628 US Dollar
    The Indian rupee gained 9 paise against the dollar on strong gains in Indian equities and dollar weakness across the globe.
     

    The rupee was last trading at 54.74 against the dollar. A strong trend in equities amidst dollar inflows from foreign funds has helped the rupee.

    The rupee had gained substantially since the government unleashed a wave of reforms. However, it continued to show a weak trend in November, due to robust demand for the US greenback from oil importers.

    The rupee is expected to move in a range and fresh action might be visible after the year end.

    GoodReturns.in

    Read more about: currency dollar
    Story first published: Wednesday, December 19, 2012, 11:11 [IST]
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