For Quick Alerts
For Daily Alerts

Rupee up 4 paise against dollar

Rupee up 4 paise against dollar
The rupee rose by 4 paise to 54.18 against the dollar in early trade at the Interbank Foreign Exchange market today on increased selling of the US currency by exporters.

Strengthening of the euro against the dollar overseas, also supported the rupee.

The rupee had gained 16 paise to close at 54.22 against the dollar in yesterday's trade. The rupee has been gaining ground after a significant fall in gold prices and crude oil, on hopes that it would help reduce the current account deficit.

A drop in the current account deficit would help a recovery of the rupee. Despite sustained foreign fund flows, the rupee has not gained significantly over the last few months.

With inputs from PTI

Read more about:
Story first published: Friday, April 26, 2013, 12:04 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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