Rupee gains 11 paise at 61.93 to the dollar

Posted By:
Subscribe to GoodReturns

Rupee gains 11 paise at 61.93 to the dollar
The rupee continued to exhibit resilience and was trading above the 62 levels mark at 61.93 against the dollar in early trade.

The rupee has now showed signs of strengthening despite the Federal Reserve cutting its QE3 programme by $10 billion. Read all about QE3 here

It was widely anticipated that the rupee would weaken following the Federal Reserve's decision, but, infact it has now shown remarkable resilience.

Dealers say that there could also have been some intervention from the RBI which may have resulted in gains for the Indian rupee.

Read more about: dollar, federal reserve, qe3, rbi
Story first published: Monday, December 23, 2013, 10:06 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'