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Sensex 73,319.55 +0.25% ↑ Nifty 22,700.30 +0.09% ↑ 22k Gold ₹ 13,834/gm Silver ₹ 2,49,900/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.65 USD ₹ 92.87
Sensex 73,319.55 +0.25% ↑ Nifty 22,700.30 +0.09% ↑ 22k Gold ₹ 13,834/gm Silver ₹ 2,49,900/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.65 USD ₹ 92.87
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Rupee gains in early trade; rises above 60
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rupee
INR
92.871United States Dollar
The rupee made smart gains in trade today on rising equities and after a series of measures taken by regulators.

The rupee was trading at 59.85 against the dollar, gaining 76 paise in trade.

According to a Reuters report regulators toughened rules for derivatives trading in the currency market in a bid to arrest the steep decline of the rupee.

A SEBI directive has stated, "In consultation with RBI and in view of the recent turbulent phase of extreme volatility in USD-INR exchange rate, it has been decided to curtail position limits and increase margin requirements for Currency Derivatives."

Dealers also expect some dollar inflows into the forex market following a stake by Unilever Brothers in its Indian subsidiary.

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Story first published: Tuesday, July 9, 2013, 10:39 [IST]
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