For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee gains in early trade on RBI, government measures

|

The Indian rupee gained ground in trade today as measures initiated by the RBI and the government helped boost sentiments.

 

The rupee was last trading at 61.35 against the dollar, up 8 paise over Wednesday's close. The RBI announced a fresh set of measures aimed at restricting foreign exchange outflows. The Reserve Bank of India's cut the amount of overseas direct investments allowed by Indians, as well as lowering the limits on remittances overseas and banning the use of such remittances for overseas property purchases.

Dealers say that the rupee may stabilise around the current levels, unless there is some adverse news like the Fed tapering. All depends on what news emanates from around the globe, particularly the US Check rupee quotes here

GoodReturns.in

Read more about: rbi
Story first published: Friday, August 16, 2013, 9:04 [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