For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee gains 9 paise on strength in equities

|

Rupee gains 9 paise on strength in equities
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]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X